Financial assessment checklist

Information needed for your financial assessment

1. Details of your income (money you receive)

Including any money paid jointly to you or your partner on behalf of both of you.

Income from paid work

We need to know: 

  • How much you get paid 
  • How often you get paid

You’ll find this information on your bank statements and payslips. 

Income from state benefits and pensions

(Pension Credit, Income Support, Income-related Employment Support Allowance, Universal Credit, Income-related Job Seekers Allowance)

We need to know: 

  • The names of all the benefit/pensions/credit you get
  • The exact amounts you get paid and how often and who you get it for (for example, if you get this for you and your partner)
  • How they are paid to you (e.g. which bank account)
  • The National Insurance number reference
  • If you have chosen to defer a state pension, details of the full entitlement

You’ll find this information on your bank statements and confirmation letters from the benefit/pension provider (e.g. DWP, Pension Service, Jobcentre Plus or Disability and Carers Service, HMRC, your Universal Credit journal).

Income from private and occupational pensions

(including widows/widowers pensions and entitlement to pension income/deferred pensions)

We need to know:

  • The name of the company or organisation paying your pension
  • How much you get paid and how often you get it
  • How they are paid to you (e.g. which bank account)
  • If you have chosen to defer a pension, or to draw a lower amount of income from a pension fund, details of the full entitlement.

You’ll find this information on your bank statements, payslips and letters from the pension provider. 

Other income

We need to know:

  • Who you receive money from
  • How much they pay you
  • How often you get this payment

You’ll find this information on bank statements and letters / documents relating to the payment(s).

2. Savings, investments and capital assets (including those that are jointly owned)

Savings and/or investment accounts (bank, building society, Post Office and/or National Savings)

For each account (including joint accounts) we need to know:

  • The name of the organisation holding your account
  • Type of account
  • Account holder name(s)
  • The amount held in each account and the date
  • The value of any investment

You’ll find this information on statements (bank, building society, online etc.) and in savings or pass books.

National Savings Certificates

We need to know: 

  • The issue number(s)

Income bonds

We need to know: 

  • The names of the organisation(s) holding your bonds
  • The type of bond(s)
  • The value of the bond(s)
  • Details of any income from bond(s)

Shares, Stocks and Unit Trusts

We need to know:

  • Name of company(ies) or investment trust(s)
  • Number and type of shares or units held
  • The current value (where known)

You’ll find this information on share certificates and investment statements.

Premium Bonds

We need to know:

  • The value of the bond(s)

Property owned other than your main and only home

For each property we need to know:

  • The address
  • An approximate market value
  • The value of outstanding mortgage

You’ll find this information on your mortgage statements. 

Other savings or investments held by you or held by someone else for you

We need to know:

  • A description
  • Current Value
  • Any life insurance attached to the investment

You’ll find this information on certificates, statements and letters.

Any Capital held that was received in consequence of a personal injury

We need to know: 

  • date of the settlement
  • details of how the Personal Injury Payment is held (for example, held in Trust, held by  Court

You’ll find this information on settlement documents, Deeds of Trust, documents from the Court of Protection and solicitor letters and documents.

3. Property (owned/part-owned/interest in) that you live in, or you were living in before moving to care home accommodation 

We need to know: 

  • The address including postcode
  • an approximate market value of the property (or if recently sold, details of the sale completion)
  • If you have a mortgage:
    • value and remaining term of mortgage
    • monthly mortgage repayments
    • details of anyone else named on mortgage
  • How much (%) of your property you own:
    • and details of the other owners
    • whether property is owned jointly or as tenants in common
  • Freeholder details (if leasehold property)
  • Details of any other people living there (name, date of birth, relationship to you, how long they have lived there
  • If property is empty:
    • contact details of the person keeping the property secure
    • essential property maintenance commitments (like buildings insurance, ground rent, service charges)

You’ll find this information on the estate agent valuation, mortgage statements, title deeds, land registry record and documents from the freeholder.

4. Home expense commitments

If you own a property that is not disregarded in your financial assessment.

Mortgage, service charges and ground rent

We need to know: 

  • The name of your mortgage lender
  • How much you pay and how often (exact amount needed)
  • How much (if any) is allocated towards your mortgage from benefits
  • How much you pay for service charges, how often and what service this covers and who you pay.
  • How much you pay for ground rent , how often and who to

You’ll find this information on bank statements and statements/letters from mortgage lender.

Rent and service charges

We need to know: 

  • How much you pay (exact amount) and how often
  • How much Housing Benefit or Universal Credit you get (if any)

Find this on your bank statements, landlord letters/statements, Housing Benefit letters / Universal Credit account or rent book.

Council Tax

  • The exact amount you pay and how often
  • How much Council Tax Support you receive (if any)

You’ll find this information on your bank statements, Council Tax letter or Council Tax Support letter.

5. Disability Related Expense (DRE) – non-residential financial assessments only

If you receive Attendance Allowance or Personal Independence Payment or Disability Living Allowance, we allow £5/week in your financial assessment to allow for extra personal expenses that you may have due to disability or medical condition. 

If you feel your DREs are more than £5/week and you would like us to consider a higher allowance in your financial assessment you can complete a the Disability-related Expense Assessment Questionnaire online or ask the FAB team for a DRE Assessment – see www.reading.gov.uk/dre for further information.

Download and print a copy of the financial assessment checklist.