Questions regarding care costs as a young person.

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Alexerwana

Hey there,

I'm hoping to get some answers to a few questions I have regarding trying to save as a young person who requires continuing care. If anyone has been in the same position and can offer some clarification it'd be extremely helpful!

The government seems to have a cap where if you have more than £23,250 in cash or assets, you have to pay full price for your care. Does this mean I will never be able to save up to by my own home? I appreciate that care costs, but it seems a bit steep for them to take anything over that figure (until the cost of care has been paid). 

Can anyone who's faced this issue confirm if's that black and white, or if there's still a way for me to save up for a home? If I did look to start a family, it seems likely that I will buy possessions and assets that'll put me over the limit. Can the government really just force me to sell them?

Any help would be greatly appreciated

66Mustang

I may be wrong but I am pretty sure that possessions do not count towards the limit, unless they are investments like gold bars! I might well be wrong but I believe "assets" means savings and investments (like stocks, property excluding your home, etc.). Something you buy as part of general life, like a washing machine or a car, would not be counted toward the limit.