Is this weekly ? She is on a pension of around 800 a week ? In 3 years time she will only be assessed on her income and cash in bank. Given that the cash will be depleted by payments at that stage, this will reduce her contribution a good bit and makes sure that if prices go up in the nursing home you are insulated to a degree.She was assessed as having a total contribution of 1366 (664 income, 10 cash assets and 692 assessed on her PPR).
Her savings are depleting but we are looking at renting out her house and possibly supplementing her cash with ours.
Questions we cannot find answers on:
2. At current rate of assessment - she would not get any support but could apply for a smaller loan?
@twofor1: can you clarify this 'no one pays more than the cost of care' versus '..lifetime of contributions'?As our planned nursing home was 1200, we asked would she just pay that (not 1366) and we were told in no uncertain terms that no - she will have to pay the full 1366 - and that the line about not paying more than the cost of care is to do with the lifetime of the contributions - it made no sense to me, but she threatened to hang up on me when I questioned the logic.
I can't for a second imagine how that could be so, in the case of professional advisers giving advice in a confidential setting?The other issue is with GDPR, many advisers, banks etc. are reluctant to talk to family about their parents financial affairs.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?