Common use of WHAT YOU PAY Clause in Contracts

WHAT YOU PAY. If you have a lot of savings and investments, your council may not offer the scheme to you until you are at risk of having to sell your home (which will be when your savings drop below £23,250). Your contribution depends on your weekly income and any other assets that you may have. If you have a property or land this affects how we work out what you must pay. If you are in permanent care, we may ignore the value of your property or land up to the first twelve weeks of your stay. This is known as “the twelve-week property disregard”. After the twelve weeks we must then take into account the value of these assets when we work out how much you will pay. If you own more than one property, then only one property considered to be your main home will be disregarded from the financial assessment

WHAT YOU PAY. If you have a lot of savings and investments, your council may not offer the scheme to you until you are at risk of having to sell your home (which will be when your savings drop below £23,250). Your contribution depends on your weekly income and any other assets that you may have. If you have a property or land this affects how we work out what you must pay. If you are in permanent care, care we may ignore the value of your property or land up to the first twelve weeks of your stay. This is known as “the twelve-twelve week property disregard”. After the twelve weeks we must then take into account the value of these assets when we work out how much you will pay. If you own more than one property, then only one property considered to be your main home will be disregarded from the financial assessment.