savings in the bank

Muggles1974

hello my auntie who is 97 has over £30,000 in  savings in her bank. she will now have home carers four times per day. i have been informed she will have to pay her self because she has savings above £23,250. i have been told by several people to take money out of her account so it falls below £23.250  so she will not have to pay the fees her self.   thank you  

Socajam

Take the money out of the bank and do what with it.
Your aunt is 97, don't you think it would make more sense to get the best carers for her if she was to pay for herself, instead of depending on government carers.
After all it's her month, spend it on her

eskbanker

Muggles1974 said:

hello my auntie who is 97 has over £30,000 in  savings in her bank. she will now have home carers four times per day. i have been informed she will have to pay her self because she has savings above £23,250. i have been told by several people to take money out of her account so it falls below £23.250  so she will not have to pay the fees her self.   thank you  

Ignore anyone telling you to take money out in an attempt to get her savings below such thresholds - it's called 'deprivation of assets' and won't work....

Muggles1974

Socajam said:

Take the money out of the bank and do what with it.
Your aunt is 97, don't you think it would make more sense to get the best carers for her if she was to pay for herself, instead of depending on government carers.
After all it's her month, spend it on her

yes its her money  she spends it on what she wants   was wondering why  people say to me to move the money out 

Archi_Bald

https://www.ageuk.org.uk/information-advice/care/paying-for-care/paying-for-a-care-home/deprivation-of-assets/

Old_Lifer

Sadly , it won't  work.    They will want to know where the money has gone  and will treat her as though she still has the money.

Muggles1974

eskbanker said:

Muggles1974 said:

hello my auntie who is 97 has over £30,000 in  savings in her bank. she will now have home carers four times per day. i have been informed she will have to pay her self because she has savings above £23,250. i have been told by several people to take money out of her account so it falls below £23.250  so she will not have to pay the fees her self.   thank you  

Ignore anyone telling you to take money out in an attempt to get her savings below such thresholds - it's called 'deprivation of assets' and won't work....

eskbanker said:

Muggles1974 said:

hello my auntie who is 97 has over £30,000 in  savings in her bank. she will now have home carers four times per day. i have been informed she will have to pay her self because she has savings above £23,250. i have been told by several people to take money out of her account so it falls below £23.250  so she will not have to pay the fees her self.   thank you  

Ignore anyone telling you to take money out in an attempt to get her savings below such thresholds - it's called 'deprivation of assets' and won't work....

eskbanker said:

Muggles1974 said:

hello my auntie who is 97 has over £30,000 in  savings in her bank. she will now have home carers four times per day. i have been informed she will have to pay her self because she has savings above £23,250. i have been told by several people to take money out of her account so it falls below £23.250  so she will not have to pay the fees her self.   thank you  

Ignore anyone telling you to take money out in an attempt to get her savings below such thresholds - it's called 'deprivation of assets' and won't work....

eskbanker said:

Muggles1974 said:

hello my auntie who is 97 has over £30,000 in  savings in her bank. she will now have home carers four times per day. i have been informed she will have to pay her self because she has savings above £23,250. i have been told by several people to take money out of her account so it falls below £23.250  so she will not have to pay the fees her self.   thank you  

Ignore anyone telling you to take money out in an attempt to get her savings below such thresholds - it's called 'deprivation of assets' and won't work....

eskbanker said:

Muggles1974 said:

hello my auntie who is 97 has over £30,000 in  savings in her bank. she will now have home carers four times per day. i have been informed she will have to pay her self because she has savings above £23,250. i have been told by several people to take money out of her account so it falls below £23.250  so she will not have to pay the fees her self.   thank you  

Ignore anyone telling you to take money out in an attempt to get her savings below such thresholds - it's called 'deprivation of assets' and won't work....

eskbanker said:

Muggles1974 said:

hello my auntie who is 97 has over £30,000 in  savings in her bank. she will now have home carers four times per day. i have been informed she will have to pay her self because she has savings above £23,250. i have been told by several people to take money out of her account so it falls below £23.250  so she will not have to pay the fees her self.   thank you  

Ignore anyone telling you to take money out in an attempt to get her savings below such thresholds - it's called 'deprivation of assets' and won't work....

well i think it should stay in her bank account  but keep getting told by different  people including social care workers saying move it 

Muggles1974

Archi_Bald said:

https://www.ageuk.org.uk/information-advice/care/paying-for-care/paying-for-a-care-home/deprivation-of-assets/

thank you

eskbanker

Muggles1974 said:

eskbanker said:

Muggles1974 said:

hello my auntie who is 97 has over £30,000 in  savings in her bank. she will now have home carers four times per day. i have been informed she will have to pay her self because she has savings above £23,250. i have been told by several people to take money out of her account so it falls below £23.250  so she will not have to pay the fees her self.   thank you  

Ignore anyone telling you to take money out in an attempt to get her savings below such thresholds - it's called 'deprivation of assets' and won't work....

well i think it should stay in her bank account  but keep getting told by different  people including social care workers saying move it 

Assuming you have power of attorney then there's no harm in moving some from a current account to a savings account to earn some interest (as long as enough of it remains easily accessible), but doing so in an attempt to hide it from the local authority by pretending she doesn't have it would be highly inadvisable, as per Archi's linked article above....

Muggles1974

eskbanker said:

Muggles1974 said:

eskbanker said:

Muggles1974 said:

hello my auntie who is 97 has over £30,000 in  savings in her bank. she will now have home carers four times per day. i have been informed she will have to pay her self because she has savings above £23,250. i have been told by several people to take money out of her account so it falls below £23.250  so she will not have to pay the fees her self.   thank you  

Ignore anyone telling you to take money out in an attempt to get her savings below such thresholds - it's called 'deprivation of assets' and won't work....

well i think it should stay in her bank account  but keep getting told by different  people including social care workers saying move it 

Assuming you have power of attorney then there's no harm in moving some from a current account to a savings account to earn some interest (as long as enough of it remains easily accessible), but doing so in an attempt to hide it from the local authority by pretending she doesn't have it would be highly inadvisable, as per Archi's linked article above....

eskbanker said:

Muggles1974 said:

eskbanker said:

Muggles1974 said:

hello my auntie who is 97 has over £30,000 in  savings in her bank. she will now have home carers four times per day. i have been informed she will have to pay her self because she has savings above £23,250. i have been told by several people to take money out of her account so it falls below £23.250  so she will not have to pay the fees her self.   thank you  

Ignore anyone telling you to take money out in an attempt to get her savings below such thresholds - it's called 'deprivation of assets' and won't work....

well i think it should stay in her bank account  but keep getting told by different  people including social care workers saying move it 

Assuming you have power of attorney then there's no harm in moving some from a current account to a savings account to earn some interest (as long as enough of it remains easily accessible), but doing so in an attempt to hide it from the local authority by pretending she doesn't have it would be highly inadvisable, as per Archi's linked article above....

eskbanker said:

Muggles1974 said:

eskbanker said:

Muggles1974 said:

hello my auntie who is 97 has over £30,000 in  savings in her bank. she will now have home carers four times per day. i have been informed she will have to pay her self because she has savings above £23,250. i have been told by several people to take money out of her account so it falls below £23.250  so she will not have to pay the fees her self.   thank you  

Ignore anyone telling you to take money out in an attempt to get her savings below such thresholds - it's called 'deprivation of assets' and won't work....

well i think it should stay in her bank account  but keep getting told by different  people including social care workers saying move it 

Assuming you have power of attorney then there's no harm in moving some from a current account to a savings account to earn some interest (as long as enough of it remains easily accessible), but doing so in an attempt to hide it from the local authority by pretending she doesn't have it would be highly inadvisable, as per Archi's linked article above....

hi yes i have power of attorney  thank you for the advice

Alistair31

The burden of care on the taxpayer is astronomical as it is and, frankly speaking, a 97 year old isn’t likely to need their money for much else other than the care if they are in a situation where they require 4 visits per day.