Financial Assessment (Care)

A financial assessment (or means test) is carried out by the local council after a care needs assessment establishes eligible needs. It determines how much a person must contribute to the cost of their care based on their capital and income. The current capital thresholds are £23,250 (above which individuals self-fund) and £14,250 (below which capital is largely disregarded).

Related terms

Care Needs AssessmentDeferred Payment AgreementDeprivation of Assets

Related guides

Paying for Social Care

Unlike the NHS, most social care in England is not free. Whether you receive care at home or in a care home, your local council will carry out a financial assessment to decide how much — if anything — you must pay towards the cost. Understanding the rules can help you plan and avoid unexpected charges.

8 min

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