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- Your Contribution to Nursing Home Care
Your Contribution to Care
Your principal residence will only be included in the financial assessment for the first 3 years of your time in care. This is known as the 15% or 'three year' cap. It means that you will pay a 5% contribution based on your principal residence for a maximum of three years regardless of the time you spend in nursing home care.After 3 years, even if you are still getting long-term nursing home care, you will not pay any further contribution based on the principal residence. This 'three year' cap applies regardless of whether you choose to opt for the loan or not.
There are important safeguards built in to the Financial Assessment which are worth noting.
• Nobody will pay more than the actual cost of care
• You will keep a personal allowance of 20% of your income or 20% of the maximum rate of the State Pension (non-Contributory), whichever is the greater
• If you have a spouse/partner remaining at home, he/she will be left with 50% of the couple's income or the maximum rate of the State Pension (non-Contributory), whichever is the greater