Care Reforms – Tariff Income

It has been confirmed that individuals will have to contribute 20% of savings of between £20,000 and £100,000 towards their care costs and that this will apply irrespective of circumstances or the setting in which care is received. This is the same as the current system of tariff income which assesses income at £1 for every £250 of savings between the upper and lower support thresholds increased.

Under the current system, the maximum level of tariff income is £36 per week, and this will rise to £320 per week under the new reforms.