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Financial assessment

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Definition

of

Financial assessment

from

NE Lincolnshire Council: Social Care Handbook

Source

https://www.focusadultsocialwork.co.uk/social-care-handbook/#glossary

You will be asked to give details of your financial circumstances to an officer for adult social care. These details will be used to work out your disposable income and the amount of money that you will have to pay.

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Definition

of

Financial assessment

from

Adult social care charging reform: minimum viable product (MVP) software requirements specification

Source

A financial assessment is carried out by local authorities to determine how much they should charge a person drawing on care to meet their eligible needs.

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Plain English definition

of

Financial assessment

from

Think Local Act Personal (TLAP) Jargon Buster

Source

https://www.thinklocalactpersonal.org.uk/Browse/Informationandadvice/CareandSupportJargonBuster/#Financial%20assessment

A discussion that your council may have with you to work out how much you can afford to pay towards the care and support you need. It involves looking at your income, savings and individual circumstances. This will take place after an assessment of your care and support needs.

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