How does it work with the exemption of £24,250 dropping to £14k approx?

[SheepAndSword]

I had always thought £24,250 could be saved if parent went into a care home and house sale proceeds/savings were drained by the fees, but then read something about how this might graduate down to £14k approx in certain circumstances.

Can anyone explain this to me? Parent has gone into care home, I said to them to set up a new account to put aside the £24,250, and care home costs would come out of the main account where pension etc was paid into.

???

Ahh, I think I've got it now. So if savings/house sale proceeds are gobbled up down to £24,250 after that approx £1 in every £250 goes towards care home fees until you reach £14k approx, then that is totally yours.