Financial assessment and how we work out your contribution
What does a financial assessment involve?
When we arrange Social Care services for you, you might have to pay towards the cost of your care.
You can find out if, or how much, you will have to pay towards the cost of your care by completing an online financial assessment form.
Our online financial assessment form is the fastest way to complete a financial assessment. Completing the form takes around 20 minutes, and you will need your national insurance number to hand.
The form is accessible through a web browser on a computer, mobile or tablet device.
We will ask you to provide us with information about your income, your spending and any savings and assets that you have. Assets are things you own that have a financial value such as shares, property and investments. This will help us to work out how much you are able to contribute towards your care.
The government sets an amount of money within financial assessments for daily living and personal costs.
Some expenses you may have because of your condition or disabilities may be included within the financial assessment. We call these ‘disability-related expenses’ and they may include things like exceptional laundry costs or paying for certain equipment. These do not include what we consider to be normal daily living costs.
We will decide what amounts can or cannot be included as expenses that relate to your disability or care needs.
If you need care in your own home, we won’t include the value of your property.
If you move into a care home, we may include the value of your property.
As part of the financial assessment, we may also offer you advice on welfare benefits. This could help increase your income by claiming any benefits you might be entitled to.
Complete an online financial assessment
You will get an early indication of how much you will pay towards the cost of your care. Please note that the actual figure may vary once verification steps have been carried out, and a Care Needs Assessment has taken place.
If you need to pay for residential care, the value of your property may also be taken into account.
The Financial Assessment will take into account capital that you own such as savings with a bank or building society, as follows:
| Savings | Contribution |
|---|---|
| Below £14,250 | We will not take these savings into account in the assessment |
| Between £14,250 and £23,250 | A tariff income of £1.00 for each £250 above £14,250 (or part of £250) and add this to your income used in the assessment |
| Above £23,250 | We will assess you as being able to pay the maximum contribution, no matter what other income and disability costs you may have. |
LookingLocalUK have produced a short YouTube video that gives more information about what you can expect when completing the form.
If you are unable to complete the online financial assessment form on-line, don’t be concerned. One of our team will contact you to complete a postal or telephone assessment once a Care Needs Assessment has taken place.
For support to complete this form please call 01926 413985 and quote "Online Financial Assessment Form Support".
If you want to find out what care and support you may be entitled to, you can contact our Customer Service Centre on 01926 359190 who will discuss your needs with you and, if appropriate, refer you for a Care Needs Assessment.
After you've completed the form
Completing the form will not automatically refer you for a Care Needs Assessment.
Where we arrange services, the total cost of the care is usually within a set price range. These costs are set out in our fees and charges.
What happens to my information?
Warwickshire County Council handles information in accordance with the Data Protection Act 2018 and Freedom of Information Act 2000 and is the data controller for the purpose of the Data Protection Act. Your information will only be used to handle your enquiry. For more information about how Warwickshire County Council handles information please see our Data Protection and Privacy Aims.