Financial Factsheets

Please find below a list of our financial factsheets:

Can I give away my capital or property before the means test for residential care? (factsheet 2)

This factsheet looks at whether it is advisable to give away or transfer ownership of your property or capital (such as savings), before the means test for residential care. It explains the negative implications of giving away your capital and also the advantages of retaining your capital.

Choosing not to sell your property to pay for your care home fees (factsheet 8)

This factsheet provides looks at the options and implications of choosing not to sell your home to pay for your care home fees. It includes information on deferred payment agreements and financial planning.

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

If you transfer or spend lots of your capital before moving to a care home, the council may view this as 'deprivation of capital'. This factsheet aims to clarify what you may/may not be able to spend your capital on before moving to a care home.

Selling your property to pay for your care home fees (factsheet 7)

This factsheets is for people wishing to sell their property to pay for their care home fees. It provides information on bridging loans, deferred payment agreements and the 12 week property disregard.

Transfer of capital: with or without a Will (factsheet 3)

This factsheet explains how assets in a Will is affected by the care home financial assessment and rules regarding deprivation of capital.

Valuing beneficial interest - A nil value (factsheet 6)

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

Valuing beneficial interest :'right to buy' properties (factsheet 5)

This factsheet explains how properties bought under the 'right to buy' scheme are valued in the care home financial assessment.

Valuing beneficial interest in property (factsheet 4)

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

Quick links

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

Financial Factsheets

A New Campaign to End Loneliness

There are many ways you can support us

Want a Wise Guide?

Paying for Care

Guide of the month for May