Anybody Help Here

[jennyjoan]

Can anybody tell me that if money saved in a bank in a joint account - does it need to be declared if one of the jointers (old lady) goes into nursing care. Thanks

[Flonska]

This might help answer some of your questions:-

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/265058/dwp1029.pdf

[scooping]

No. You both still have the account. You may want to change things later. As far as the bank is concerned one of you is temporarily living at a new address. But they don't even have to know. Things get a little more complicated in regard to Council Tax and, potentialy, with HMRC. Suggest honesty is the best policy. No-one's done anything wrong.

[woofgang]

Declared when the lady’s assets are assessed for payment of fees? Yes I think so.

[Islay]

Yes it will need declaring

[jennyjoan]

the joint account is £5,000 between the old lady and my cousin. I did think the old lady was allowed £16,000 savings

[Barmaid]

Yes it must be declared. But only half of it is deemed to hers for these purposes.

[Islay]

Depends on what else she has really doesn't it. House, shares etc

[woofgang]

Not sure what the current rules are on how much allowed but everything has to be declared and then the allowed amount is deducted.

[murraymints]

ALL assets must be declared, shared or otherwise

[jennyjoan]

ok thanks all.