The Care and Support (Charging) and (Financial Assessment) (Wales) (Miscellaneous Amendments) Regulations 2025
The Care and Support (Charging) and (Financial Assessment) (Wales) (Miscellaneous Amendments) Regulations 2025 (“the Regulations”) were made on 9 February 2025 and come into force on 6 April 2025.
The Regulations amend the Care and Support (Charging and Financial Assessment) (Wales) Regulations 2014 (“the 2014 Regulations”) in a number of ways, including:
- Changing the way that the capital value of an individual’s home is assessed. Under the 2014 Regulations, the capital value of an individual’s home was assessed using the lower of the market value or the notional value. The Regulations change this so that the capital value of an individual’s home will be assessed using the market value.
- Introducing a new disregard for the value of an individual’s home. The Regulations introduce a new disregard for the value of an individual’s home of £100,000. This means that the first £100,000 of the value of an individual’s home will not be taken into account when calculating their financial assessment.
- Changing the way that savings and investments are assessed. Under the 2014 Regulations, savings and investments were assessed at their full value. The Regulations change this so that savings and investments will be assessed at their notional value.
- Introducing a new disregard for the value of an individual’s car. The Regulations introduce a new disregard for the value of an individual’s car of £2,000. This means that the first £2,000 of the value of an individual’s car will not be taken into account when calculating their financial assessment.
The Regulations also make a number of other minor and technical amendments to the 2014 Regulations.
Impact of the Regulations
The Regulations will have a significant impact on the way that care and support is funded in Wales. The changes to the way that capital, savings and investments are assessed are likely to result in more people being eligible for financial support from the local authority. The introduction of a new disregard for the value of an individual’s home and car will also help to reduce the financial burden on people who need care and support.
Conclusion
The Regulations are a welcome step towards making care and support more affordable in Wales. The changes to the financial assessment process will make it easier for people to access the support they need.
The Care and Support (Charging) and (Financial Assessment) (Wales) (Miscellaneous Amendments) Regulations 2025 / Rheoliadau Gofal a Chymorth (Gosod Ffioedd) ac (Asesiad Ariannol) (Cymru) (Diwygiadau Amrywiol) 2025
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