How to Self-Fund Long-Term Care | Breaking Down the Costs
Navigating the complexities of self-funding long-term care can be daunting, especially when you're doing it for a loved one.
Our guide will help you understand what self-funding involves, the costs you might expect, and the support systems available to make an informed decision.
Your Loved One's Entitlement
When assessing whether your loved one qualifies for financial aid from the local council, it's important to understand the financial thresholds.
If their savings exceed £23,250, which is the current upper capital limit (UCL), they’ll need to self-fund their care.
Note that from October 2025, this limit will increase to £100,000. Property ownership may also influence eligibility, particularly if your relative is considering moving into a care home.
You can request a financial assessment from the council to determine eligibility, but if your loved one chooses to self-fund care, this assessment can be bypassed, giving you more control over the care arrangements.
What Care Does Your Loved One Need?
To ensure your relative receives the appropriate level of care, a needs assessment conducted by the council can be invaluable — even if they plan to self-fund.
This assessment will clarify what type of help is needed, whether it’s a few hours of care at home each week or more intensive support.
Following the assessment, your loved one has the flexibility to either arrange and pay for the care independently or, where available, have the council organise the care and then bill them for the costs.
This choice allows your relative to balance personal preferences with practical considerations.
How Much Will Care Cost?
Understanding the costs associated with different types of care will help to budget for self-funding long-term care effectively.
Home care services typically cost around £20 per hour, but prices vary by region. For continuous support, live-in care starts at approximately £800 a week and can increase to £1,600 depending on the intensity of care required.
Equity Release
If your relative owns their home and needs additional funds for care, equity release might be a suitable option.
This financial product allows homeowners over 55 to access the equity in their property without selling it. While this can provide necessary funds, it's important to consider the long-term costs due to accruing interest.
Get Expert Advice
Making decisions about self-funding long-term care can be complex, so consulting with a specialist care fees adviser is highly recommended.
These advisers can provide tailored guidance, helping you and your family to explore all available options to ensure your relative’s care needs are met effectively and sustainably.
You can find a specialist care fees adviser in your area with:
PayingForCare, a free information service for older adults
Society of Later Life Advisers (SOLLA), by calling 0333 2020 454
At Vivant, we're here to support you and your family in planning for and managing self-funding long-term care, ensuring your loved one is cared for with dignity and respect.
To make an enquiry about our luxury home care services, get in touch with us today.
Alternatively, you can read our previous blog on 4 reasons why choosing to remain in their own home will be beneficial for your loved one.
