For most people funding the cost of their care home fees represents the second largest purchase of their lifetime, second only to a mortgage. The benefits and other payments to which older people are entitled will help towards affording the fees of their chosen care home or home care package.
|2016/17 rates||Means tested||Taxable|
Personal Independence Payment – Daily Living Component
Enhanced rate £82.30 Standard rate £55.10
Personal Independence Payment – Mobility Component
Higher rate £57.45 No No
Lower rate £21.80 No No
|Capital Allowances (disregarded for pension credit)|
|Living at home||£10,000||Yes||N/A|
|Living in a care home||£10,000||Yes||N/A|
|NHS Funded Nursing Care||£112.00||No||No|
Local Authority Support Thresholds in England
Lower limit £14,250
Upper limit £ 23,250
Personal Allowance ££24.90
These benefits and Funded Nursing Care rates are accurate between April 2014-March 2015 and will be updated annually.