If you have most of your capital locked away in a 5 year NS&I account for example, is this taken into account in determining care home fees, do you have to pay towards upkeep, would it be taken from estate upon death.
Thanks
Care Home capital locked away 5 years
Nov 10, 2003
1 Replies
x-no-archive: yes
afaik, all savings are counted, irrespective of maturity / access dates. if any property involved, may be worthehile looking at gifting it to reltives, tho unsure if tax liablilites for this.
i took over my mum's council rented flat while she was in temporary care,to avoid such probs later on
best contact social services, or even an accountant if large involved.
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