Financial guidance on funding care home placeBy Victoria Smith
April 25, 2012
Financial guidance has been published for thousands of older people in the borough who will be expected to fund the full cost of residential care from this year.
People with capital and/or savings of more than £23,250, including their home, are to be expected to pay the full cost of residential care until savings drop below this level.
There are 15,000 people aged over 65 living in Bracknell Forest and a third of these people will have to pay more than £35,000 to meet their care needs in later life, according to the London School of Economics.
This could rise to £50,000 when considering accommodation costs on top.
Bracknell Forest Council has published a guide, called Funding Your Own Care, giving guidance on how residents can plan to fund care in later life.
Mira Haynes, chief officer: older people and long term conditions at the council, said: “This new guide is for people who have decided residential care is the right option for them and will pay for that care themselves.
“The guide is also for people who want to feel more prepared for later life, and are considering how they might cope if unable to care for themselves in the future.”
Councillor Dale Birch, executive member for adult services, health and housing, said: “This guide should be read by all residents who want to plan for their future or learn more about paying for their own care.
“If you would like to find out more, contact the council for a copy of this booklet.”
To find out more, or to obtain a copy of the guide, visit www.bracknell-forest.gov.uk or call (01344) 352 000.