Increasing the amount of money people can keep while in residential care underlines the Welsh Government’s commitment to supporting older people in Wales.
Hannah Blythyn, AM for Delyn, said the Welsh Labour Government’s move to raise the amount of capital limit used by local authorities who charge for residential care from £40,000 to £50,000 in April this year would allow residents to “retain more of their hard earned savings to use as they wish in later years.”
Raising the capital limit delivers on Welsh Labour’s pledge made during the 2016 Assembly election. In April 2017, the limit was increased from £24,000 to £30,000 and subsequently last year from £30,000 to £40,000.
Hannah Blythyn AM said: “Helping older people access affordable care is so important and I know that people are concerned about the costs involved and the thought of having to use their life savings or selling their homes to pay for care.
“This is another positive step as unlike in England – where the limit is lower – residents in Delyn and across Wales will be able retain more of their hard earned savings to use as they wish in later years.
“Welsh Labour is continuing to support our older people and delivering on our pledges to the people of Wales.”
A total of £11.5 million per annum in total has been added to the Revenue Support Grant (RSG) by the Welsh Government since April 2017 to enable local authorities to implement the capital limit increase – benefitting around 1,500 care home residents across Wales.