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Care Costs - Wales Raises 'Asset Cap'

It is not widely known that the 'cap' on assets above which people in residential care must fund their own care is only £23,250 in England and Northern Ireland.

It is even less well known that elsewhere in the UK the cap is set at different levels. In Scotland, full self-funding only starts when the assets of the person in care exceed £28,000. However, following a recent increase in the limit by £10,000 in Wales, a Welsh resident needing care will now have their funding fully met by the state unless their assets exceed £50,000.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.