{"id":1421,"date":"2021-09-16T04:00:00","date_gmt":"2021-09-16T04:00:00","guid":{"rendered":"im-22508"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T00:00:00","slug":"capped-social-care-costs-from-october-2023","status":"publish","type":"post","link":"https:\/\/ep-accountants.co.uk\/capped-social-care-costs-from-october-2023\/","title":{"rendered":"Capped social care costs from October 2023"},"content":{"rendered":"<p>The government has announced new plans to cap social care costs in England from October 2023. This change is expected to see the introduction of a new &pound;86,000 cap on care costs across an individual&rsquo;s lifetime.<\/p>\n<p>There will also be the following measures of financial assistance for those without substantial assets:<\/p>\n<ul>\n<li>Anyone with less than &pound;20,000 of assets will not have to pay anything towards their care from their savings or the value of their home.<\/li>\n<li>People with between &pound;20,000 and &pound;100,000 of assets will be eligible for some means-tested financial support on a sliding scale.&nbsp;<\/li>\n<li>The new upper capital limit of &pound;100,000 is more than four times the current limit of &pound;23,250. This means more people will be eligible for some means-tested Local Authority support.<\/li>\n<\/ul>\n<p>If someone&rsquo;s assets are over &pound;100,000 then full fees must be paid. However, the maximum that a person will have to pay over their lifetime towards personal care costs will be &pound;86,000 as a result of the new cap. If the payment of these fees means that their remaining assets fall below &pound;100,000 then some further financial support should be available. Once the &pound;86,000 cap is reached, Local Authorities will pay for all eligible personal care costs.<\/p>\n<p>Individuals may choose to &ldquo;top up&rdquo; their care costs by paying the difference towards a more expensive service, but this will not count towards the cap. There is also an important exception for &lsquo;living costs&rsquo; which could amount to additional significant costs. There will be a lot more detail on these changes to come and of course the old limits will continue for the next 2 years, and any monies paid will not be part of the new cap.&nbsp;<\/p>\n<div style='font-size:smaller' class='im_source'>Source: HM Government   Tue, 14 Sep 2021 00:00:00 +0100<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The government has announced new plans to cap social care costs in England from October 2023. This change is expected to see the introduction of a new \u00a386,000 cap on care costs across an individual\u2019s lifetime.<\/p>\n<p>There will also be the following<\/p>\n","protected":false},"author":1,"featured_media":1422,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/1421"}],"collection":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/comments?post=1421"}],"version-history":[{"count":0,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/1421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media\/1422"}],"wp:attachment":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media?parent=1421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/categories?post=1421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/tags?post=1421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}