Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the Accommodation Charge?

accommodation charge
0
Posted

What is the Accommodation Charge?

0

An accommodation charge is an amount paid by a resident receiving high care services. This is an indexed figure which varies over time. The charge however only applies in certain circumstances. That is:- • The resident has assets over 2.5 times the annual pension. If your assets are less than this figure, you will not be required to pay an accommodation charge. • For married persons only half of the couples combined assets are counted. • Your home is not included in the assets figure if: • Your spouse or companion or dependent child is living in it • A carer has been living in the house continuously for the past 2 years and is eligible to receive a pension or income support • A close relation (parent, sibling) has been living in the house for at least 5 years and is eligible to receive a pension or income support. Special provisions apply when an elder moves from a hostel to which they have paid an accommodation bond. The accommodation charge is payable for a maximum of five years. Aft

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123