So How does the Fair Deal Work?
Wednesday 07 October 2009 | Posted by: Admin
The fundamental purpose of the Fair Deal is to make nursing care accessible, affordable and anxiety free for those who need it. Everyone who is in need of residential care will have to make a contribution to that care which will be means tested and strictly limited to 80% of their disposable income, and a maximum of 5% of their assets per annum. However, the first £36,000 of assets or £72,000 for a couple are not taken into account in the financial settlement, and after three years the principle residence is no longer taken into account as part of the financial assessment.
You will not be forced to sell your home in order to pay for your care, nor will your relatives or friends be means tested to contribute to your care, and overall, the state will meet 70% of the costs of long-term care with the balance being coverable by personal contributions.