The Welsh Government has announced a capital limit increase, so that people in residential care can retain more of their money if they need support in a care home.
The Deputy Minister for Health and Social Services, Julie Morgan has confirmed the introduction of a £10,000 increase in the capital limit used by local authorities in Wales who charge for residential care. This will see the capital limit increase from £40,000 to £50,000.
The allowance in Wales is the most generous across the UK and is now more than double England’s and Northern Ireland’s upper allowance of £23,250. In Scotland the upper limit is £28,000.
Deputy Minister for Health and Social Services in Wales, Julie Morgan, said, 'The Welsh Government is committed to supporting older people, and those requiring care, to live the lives they want to lead. I’m delighted to say that we are fulfilling our pledge, two years earlier than we originally planned, to allow people to keep up to £50,000 of their own savings to use as they wish, without having to use this to pay for their care.
'The increase once again leaves Wales in the enviable position of having the highest capital limit in the UK.'
The capital limit increase and the maximum weekly charge for non-residential care (which was introduced in Wales in 2011) both seek to reduce the impact of charging on people who rely on social care and support to help meet their daily living needs.