People in residential care can now keep more of their money

People in Wrexham will be able to keep more of their savings when they move into residential care homes.

The Welsh Government has introduced a £10,000 increase in the capital limit used by local authorities in Wales who charge for residential care.

This takes the current limit of £40,000 to £50,000 and Wrexham’s Assembly Member, Lesley Griffiths has welcomed the additional support for Wales’ older generation.

This allowance in Wales is the most generous across the UK and is double England’s and Northern Ireland’s upper allowance of £23,250.  In Scotland the upper limit is £28,000.

The latest implementation means that Welsh Labour’s manifesto pledge will be delivered two years earlier than planned, enabling all care home residents in Wales to keep up to £50,000 of their savings, investment or other capital.  The capital limit determines whether a person pays for the full cost of their residential care, or whether they receive financial support towards the cost from their local authority.

Lesley Griffiths AM said: “Welsh Labour is fulfilling an election promise by more than doubling the capital people can keep when in residential care.”

“These measures, which are the most generous anywhere in the UK, offer older people greater support and financial flexibility.”