Paying for care in Wales
If you need care at home and live in Wales, you will only need to pay for your own care if your own savings and investments plus 50% of any jointly owned assets (excluding the value of your home) exceed £24,000. This figure increases to £50,000 should you need care in a care home but then it would include the value of your home unless a spouse or civil partner, or relative aged 60+ will remain living in it.
Should you need nursing care, you should, however, qualify for an additional £201.74 p.w. Nursing Care Contribution irrespective of savings which is paid directly to your nursing home to help reduce the fees.
Even if you qualify for local authority funding, it doesn’t mean it is totally free. You will still be expected to hand over most of your pensions and state benefits such as Attendance Allowance, to your Local Authority although you will be allowed to keep currently £43.90 per week. You can also retain up to a further £5.75 as a single person if you are over 65 and are eligible to receive Pension Credit. If you are married or in a partnership and your spouse/partner needs some of your income to help support them, you will also be allowed to give them up to 50% of any private/occupational pension you receive.
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