Live in care also offers a huge financial benefit when compared to moving into a residential or nursing home.....you don't have to sell your home to fund your care!

If you remain living in your own home the value of your house will not be included when calculating your assets. Therefore when your assets fall below £23,250 * you will be entitled to receive some or all of your care costs and remain living at home. By staying in your own home you can continue to benefit from any capital appreciation in the property market and are free leave your home to your relatives. If you chose to move into residential care then the full value of your house will be included when valuing your assets, for most people this means having to sell the family home to pay for residential care.

 to receive some or all of your care costs and remain living at home. By staying in your own home you can continue to benefit from any capital appreciation in the property market and are free leave your home to your relatives. If you chose to move into residential care then the full value of your house will be included when valuing your assets, for most people this means having to sell the family home to pay for residential care.

*  Changes to social care cap in England from October 2023

The government is introducing a new £86,000 cap on the amount you should have to pay for social care from October 2023.

The cap will cover fees for personal care, for example help with washing and dressing. Your local authority will keep track of your progress towards the cap. But it’s important to keep a record of the costs yourself to help ensure nothing is missed.

What won’t count towards your £86,000: anything the local authorities deem not ‘eligible’ for your care, any financial support they provide towards your costs, top-up payments you might make for premium daily living or hotel and accommodation costs.