23 Flashcards
(1 cards)
1
Q
Arthur, aged 74, has £35,000 invested in a joint bank account with his wife Janet and £20,000 held in a cash ISA. Arthur also has a life assurance bond which was commenced ten years ago and is valued at £86,000. Arthur and Janet own their home which is valued at £500,000 as joint tenants. How much of Arthur’s assets will be assessed as capital when considering his residential care costs?
A £37,500.
B £55,000.
C £123,500.
D £287,500
A
A £37,500.
