Adult Social Care Contributions Policy 2024 - 8. Capital

The value and treatment of capital and assets will be based on the definitions in the Care Act 2014 and the Care and Support Statutory Guidance. Some examples of capital included in the guidance are money held in a bank or building society, stocks and shares, bonds or land. A more substantial list can be found in the Care and Support Statutory guidance. 

The levels of capital considered with a financial assessment are:

• Capital below £14,250 will be disregarded (not included) for financial assessment purposes.
• Capital between £14,250 and £23,250 will be taken into account and a person will be required to pay £1 per week for every £250 of capital or part thereof, owned between £14,250 and £23,250.
• Capital over £23,250 will be taken into account and a person will be required to pay the full cost of their care.