Personal assets and contributions to the costs of care

Now

Assets £14,250 to £23,250

Person pays a means-tested

contribution from their assets.

Over this amount care is self-funded

Assets less than £14,250

Care funded by the state

From October 2023

£86,000

Cap on total

care costs

Assets less

than £20,000

Care completely

funded by state

Assets £20,000

to £100,000

Care self-funded

with some state

help

Now

Assets £14,250 to £23,250

Person pays a means-tested contribution from their assets.

Over this amount care is self-funded

Assets less than £14,250

Care funded by the state

From October 2023

£86,000

Cap on total care costs

Assets less than £20,000

Care completely funded by state

Assets £20,000 to £100,000

Care self-funded with some state help