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marylizzy | 23:51 Fri 07th Apr 2017 | Business & Finance
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My elderly mother may have to go to nursing home does anyone know how much they are allowed to keep in saving before nursing home takes fees in n ireland
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All of your mother's assets, including the value of her home (if relevant, and commencing from 12 weeks after she moves into a nursing home) will be included in the calculations unless her home is also occupied by her husband/partner or by a close relative who is over 60 and/or incapacitated. While those assets are greater than £23,250 the system assumes...
00:11 Sat 08th Apr 2017
Good advice and links on this recent query.


http://www.theanswerbank.co.uk/Law/Question1546635.html
I did of course completely miss the last two words in your question, sorry.
All of your mother's assets, including the value of her home (if relevant, and commencing from 12 weeks after she moves into a nursing home) will be included in the calculations unless her home is also occupied by her husband/partner or by a close relative who is over 60 and/or incapacitated.

While those assets are greater than £23,250 the system assumes that she'll pay for the full costs of nursing home care.

Once her assets fall below that level, but remain above £14,250, the system assumes that whatever she's got above £14,250 will generate an income of £1 per week for each £250 of her assets and that such money can contribute towards her care. For example, if she's got £19,250 in assets, she's got £5000 (= 20 x £250) above the £14,250 threshold. Therefore she'll be required to pay £20 per week towards her care, with the local authority funding the rest of it.

Once her assets fall below £14,250 the local authority must pay for everything.

https://www.nidirect.gov.uk/articles/paying-your-residential-care-or-nursing-home-fees
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