Having a Financial Assessment
How Shropshire Council assesses your finances if you need support at home or in a care home
We need to know about your income and your capital before we can decide whether we can help towards the cost of any funded support you may need. Income includes pensions, allowances like Disability Living Allowance, Attendance Allowance and Employment and Support Allowance. We don't count wages. Capital includes savings, ISAs, property you don't live in, Premium Bonds and shares in companies.
There are different rules for financial assessments for people who are living in their own home and those who stay in a care or residential home. However, we use one form, a “Financial Declaration” to gather all of the information we need to work out how much you will contribute to the support services you need.
If you do not want us to assess you based on your finances we will assume you are able to meet the full cost of any services you need without assistance from us.
How does my capital affect my assessment?
By capital we mean any money you own and can access, or any property you do not occupy as your main residence. If you live permanently in a care home, this may include your former home. If you have capital equal to or exceeding £23,250.00 then the Council does not have to provide you any financial support. Capital below £23,250.00 and above £14,250.00 is taken into account but doesn’t exclude you from receiving funded support if this is required to meet your needs. We are only interested in any capital which belongs to you alone, or that which you hold jointly with another person. We are not interested in capital belonging to your partner.
Here are some documents which you can download for more detailed information: