If you live in England, 3 threshold levels are considered:
Less than £14,250
If your assets have a value of less than £14,250, then you will not have to contribute to the cost of funding your care.
From £14,250 to £23,250
Between £14,250 and £23,250 then you will usually be required to pay £1 for every £250 of assets you own between the lower (£14,250) and upper (£23,250) limits.
More than £23,250
If your assets (including most savings and investments) exceed this amount, your local authority will consider you able to pay for care yourself.
Assessment of your income – Before the financial assessment is carried out, it is important that you are claiming all of the benefits that you may be entitled to. If you fail to do this, means test will assume you are already in receipt of these benefits and could potentially lose out.
Direct payments could be for you if:
you wish to retain or take control of your own care and support services
you would like more choice in selecting the products and services that meet your specific needs
How to apply for direct payments
If you already receive care services, ask your local council about direct payments.
If you’re applying for care services for the first time, your social worker should discuss the direct payments option with you when they assess your care needs.