Cost Of Care Home Residence

Scylax | 16:34 Sun 27th Jul 2014 | Business & Finance

42 Answers

Since a Local Authority will raid the bank account of a resident to pay for his/her care, would it not be prudent to ensure that one's bank balance was kept at, say, £500 and not more? With interest rates so low, one would not be losing much if all personal savings were kept in the 'Bank of Southern Mattress', well away from prying eyes.

Csa

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pixie373

...or shouldn't, anyway- although they do currently.

EDDIE51

It is not just bank accounts, money kept in cash has to be declared as well. It is the total assets that have to be declared cash or bank. Over £16,000 and you pay for care no matter where the money is. Keeping it at home just makes it easier to lie about it.

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