Finance and benefit information

£5, £10 and £50 notes in cash with a large black calculator with grey buttons and orange highlighter pen
We do not recommend any specific financial services, but we advise you to seek independent financial advice.
Once you have had your needs assessed with a social care worker, a financial assessment is completed to determine your financial contribution toward your care.

Can I access benefits?

You may be able to access government benefits to help you financially, such as
Try the GOV.UK benefits calculator to see which benefits you might qualify for.

External financial services and resources

  • Age UK Isle of Wight – supports older people with great advice on planning for social care.
  • Carers Isle of Wight – is an excellent resource for carers.
  • Citizens Advice Bureau – the Money Advice Team can help individuals with your finances and provide help and support.
  • Court of Protection – gives advice and helps people who have limitations with mental capacity to make financial and welfare decisions.
  • Department of Work and Pensions – provides advice on Appointeeship (the authority needed to manage the benefits of someone with diminished mental capacity).
  • Islefindit – gives free, impartial, independent and confidential advice to anyone needing support. 
  • Living Well – provides early prevention, self-help, empowers you to manage your own health and wellbeing through the Living Well approach.
  • MoneyHelper – offers information on long-term care and financial advice. 
  • NHS Benefits for Carers – includes support from local councils, respite care and help for young carers.
  • Society of Later Life Advisers (SOLLA) – provides advice on how to make financial plans for care in retirement years.  
  • Turn2Us – a national charity that helps people in financial hardship gain access to welfare benefits, charitable grants, and support services.
  • Which? Elderly Care – a helpful resource of information on funding, care homes and home care, as well as information for carers. 

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