Residential/care and nursing homes
Value of your home
If you live in England and have over £23,000 in capital, you’ll be assessed as being able to meet the full cost of your care.
Your capital will be counted as generating an income according to the following table:
- Over £23,250, you will be assessed as being able to meet the full cost of your care
- Between £14,250 and £23,250 capital, between these amounts will be calculated as providing you with an income of £1 per week for every £250 of your savings
- £14,250 or under, your capital will be ignored in calculating how much you have to contribute to the cost of your care
If you own your home then it will usually be counted as capital 12 weeks after you move permanently into a care home.
The value of your home will not be counted as capital if certain close relatives still live there.