Financial Factsheets

Please find below a list of our financial factsheets:

Assets: advantages of keeping your capital (factsheet 2)

This factsheet looks at the benefits of retaining your capital if you are moving to a care home. You may have more choice, you may be able to pay for a better quality of care home, and you may have more disposable income and independence if you retain your capital.

Assets: disadvantages of giving your capital away (factsheet 3)

This factsheet looks at the possible disadvantages of giving away or transferring your capital in order to avoid care home fees. By giving away your capital you may find yourself liable for capital gains tax, inheritance tax, pre-owned assets tax and still be liable for the care home fees.

Choosing not to sell your property to pay for your care (factsheet 9)

This factsheet provides information on deferred payment agreements for those choosing not to sell their property to pay for their care. It discusses their advantages, disadvantages and who can apply.

Choosing to sell your property to pay for care (factsheet 8)

This factsheets provides information for people wishing to sell their property to pay for their care on schemes such as bridging loans, deferred payments schemes and the 12 week property disregard period.

Deprivation of capital: what can I spend before moving into a care home (factsheet 1)

If you are moving into a care home, you must be careful about transferring or spending lots of capital before the move. This is because the council may view your actions as 'deprivation of capital. This factsheet aims to help clarify what you can/can't spend your capital on before you move into a care home.

Transfer of capital: with or without a Will (factsheet 4)

This factsheet explains how having or not having a Will , and what is in that Will is affected by the care home financial assessment and rules regarding deprivation of capital.

Valuing beneficial interest 'right to buy' (factsheet 6)

This factsheet explains how properties bought under the 'right to buy' scheme in which you have a beneficial interest or ownership of, are valued in the care home financial assessment.

Valuing beneficial interest - no nil value (factsheet 7)

This factsheet explains under what circumstances a 'nil value' should be attributed to a property in which you have a beneficial interest or ownership of, during the care home financial assessment.

Valuing beneficial interest in property (factsheet 5)

This factsheet explains what beneficial interest is, how it is valued and where to find out further information.

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Counsel and Care is a service of Independent Age, registered Charity No. 210729

Financial Factsheets

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