Funding your own care
If you pay the full costs of your care, you are known as a 'self-funder'.
This means:
- You have chosen not to approach adult social care for help, or
- You have been assessed but you are not currently eligible for social care services, or
- You have approached adult social care and, although your needs show that you are eligible for services, your savings are above the current threshold.
Care funding options
If you are funding your own long term care (be it in a care home or care at home) we strongly recommend you seek independent financial advice to:
- explore all care funding options available to you.
- This could mean you may not have to sell your home or use up your savings in order to fund your care.
Very few people who fund their own residential care seek specialist financial advice on how to fund their long term care. The unfortunate outcome for many is that they run out of money leaving little or no inheritance for their families and loved ones when this might be avoided.
Age UK
You may wish to contact your local Age UK office or access their website www.ageuk.org.uk for the following fact sheets:
- FS10 Paying for permanent residential care
- FS38 Property and paying for residential care
- FS39 Paying for care in a care home if you have a partner
- FS40 Deprivation of assets in social care
- FS58 Paying for short term and temporary care in a care home
Need more help?
If you have any questions or would like more information about funding your care and support needs, please get in touch.