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Completing the financial assessment form

Important information before you start 

  • Essex County Council charge from the start of care for Domiciliary and Residential services.
  • Please note: If a Financial Assessment has not been completed to determine how much you must contribute towards your care by the time you start receiving services, you will be invoiced for the cost of those services. Once your assessed charge is known your invoice will be adjusted.
  • The value of your home, if you own the property, is only taken into account if you're receiving permanent residential / nursing support.
  • The value of any second property (such as a holiday home) is taken into account for all types of care and the value of that property will be included as savings under 'Notional Capital'.
  • When calculating a Domiciliary Financial Assessment, your Social Worker must first tell us that any disability related expenses you declare are linked directly to your disability and are over and above care funded by Essex County Council. Without this confirmation the expenses will not be considered as part of the Financial Assessment.
  • You must declare relevant financial information in the sections provided. If there is not enough room on the page there is space on the back of the form.
  • If you choose to complete the financial assessment form yourself and do not want assistance from one of our visiting officers, you must return the completed form within 14 days of receipt, along with proof of your financial circumstances.
  • Guidance notes are included at the back of the form to help you. 
  • You will need to complete the form as accurately as possible and include all documentation to avoid a delay in processing the application (see Required Documents on page 2). An incomplete form will result in you being invoiced for the full cost of any services you receive.

Information used in the assessment

  • your income
  • savings and capital
  • depending on the services you're receiving - housing costs, disability related expenses and property 

All about you

You need to provide your personal information and that of anyone you nominate as your financial representative when dealing with your financial assessment.  If you do not tell us about your representative, we cannot write to them or speak to them on the telephone if they are helping you out with any questions you may have.  

It is important to know how much money you need to live in your home. This means that if there is a charge for care services provided, we will not charge more than you and your spouse/partner or family can afford. This section requires full information about your living circumstances, who you live with, and the property you live in.

Income

You must provide details of all benefits, pensions, private pensions, rental income from any property or land you own and any other source of income you receive. Some benefits and sources of income are partially or totally ignored within the financial assessment.
 
In some instances, the main householder does not receive services but is the main claimant for benefits paid as a couple, such as Pension Credits. You need to tell us about your total income so we can make sure your share is reflected correctly within your financial assessment.
 
You can obtain information about the benefits you receive from:

  • The Pension Service on 0345 606 0265 if you are of pensionable age
  • Jobcentre Plus on 0800 055 66 88 if a working age adult
If you are waiting to hear about a benefit which you have applied for, please indicate on the form and inform us immediately when you hear about the claim.
If information about your income has been withheld we reserve the right to backdate and invoice accordingly. 
Note for Residential Care only - Personal Independence Payments, Disability Living Allowance and Attendance Allowance are fully ignored in residential financial assessments. 
You should always advise the Department for Work and Pensions of any changes to your circumstances to avoid an overpayment of benefits.

 

Capital and savings

Please provide details of any savings, investments and capital that you hold including all bank accounts you have, even if they have no money in them. This includes any account that your benefits or pensions are paid into.

If your savings and capital is more than the thresholds set by the Department of Health, you will be expected to pay the full cost of any care services you need whether they are arranged by Essex County Council or privately.

Capital thresholds

Residential: £23,250

Domiciliary: £23,250
Please note: If you have resided in residential care under a private contract you must provide all bank/savings statements from the last 6 months.
If you have deprived yourself of money/savings/capital/investments in order to reduce your charge, we may still assess as though you still possess the asset.

Expenses Residential

If your financial assessment is for Respite, Temporary or the first 12 weeks of Permanent care (only where we are taking your property into account); you may be entitled to some housing expenses. We will only include these if we have seen the verification of costs.

Expenses Domiciliary (non-residential)

1. Housing: Your expenses relating to your housing costs are taken into consideration if we have seen the verification of these costs, however some are covered by the amount of your income which is protected in the Financial Assessment. Find out more about how we calculate the assessed charge.
2. Disability Related Expenses: We will look to take into consideration any daily living expenses you have which are related to your disability, once verified.  Your Social Worker must confirm with us that these expenses are linked directly to your disability and are over and above care funded by Essex County Council.  

Property

The value of your home is taken into account if your stay in a residential home is permanent.

The value of your home is not counted if your stay in the residential home is temporary.

The value of your home is not counted if you are having domiciliary services.

The value of any second property (or property you are not living in, such as a holiday home) is taken into account for all types of care services.

Other information

If you don’t want to disclose your finances

You can choose not to disclose your financial circumstances by ticking the non-disclosure section of the form. You can change your mind at any time by asking for another form or requesting a visit from a visiting officer to help you complete a new financial assessment. Please note: we look at your relevant financial history as part of any calculations.

Benefits advice

If you choose to complete the form yourself, you will not receive any benefits advice. We therefore recommend you take advice on benefit entitlement and its calculations from a third party such as the Citizens Advice Bureau or AGE UK.

If you change your mind

If you decide you would like a visit from a financial assessment and benefits advisor rather than completing the form yourself, you must contact your social care worker and ask for a referral. An officer cannot visit without a referral.