Funding your own care

If you require care and support whether you have savings and assets or not, it is your right to receive an assessment of your needs by us.

If you pay the full costs of your care, you are known as a 'self-funder'.

This means either:

  • 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.

The cost of care will vary depending on the type of service, choice of service provider and location. For example, a place in a residential care home will cost hundreds of pounds a week.

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
  • Understand the financial impact of such options and choices.

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.

More information about independent financial advice