Barry (name changed for confidentiality reasons) had been living in a care home after being discharged from hospital. He had initially been moved to a residential care home on a temporary basis and only expected to be resident in the home for approximately 2 weeks. It had been acknowledged by the professionals involved in Barry’s care and his family that his health had dramatically improved since his admission to hospital and subsequent placement at the care home.
During the coronavirus pandemic, assessments for continuing healthcare funding were paused. From 1st September 2020, Clinical Commissioning Groups must resume these assessments. Also any patients who were discharged from hospital between 19th March 2020 and 31st August 2020 whose discharge was paid for by the NHS will need to be assessed and moved to core NHS, social care or self-funding arrangements.
Pension pots are often the single largest asset after the family home for divorcing couples. Research by the Pension Policy Institute highlights concerns that divorcing women are often retiring with pension funds a quarter of the size of divorcing men and that confusion over how a pension would be split or uncertainty over how much is available can often lead people to not consider the pension as a negotiable asset in the divorce.
With the Coronavirus Job Retention Scheme tapering off and ending on the 31st October 2020, some employers are now starting to prepare for a return to work whilst others are having to make tough decisions about the future of their business which may include making redundancies.
The current pandemic is placing increasing pressures on the finances of many people with many homeowners considering whether to unlock the value in their homes to provide extra funds without having to sell their property.