54Funder’s liability for cost of LTR contracted care of exempt person

1. In respect of the cost of an exempt person’s LTR contracted care, the funder must pay the amount determined under the following formula:

   $p\; =\; c\; –\; (b\; –\; a)$

   Where:

   • p p

     is the amount the funder must pay

   • c c

     is the cost of the LTR contracted care provided to the exempt person

   • b b

     is the amount of any benefit received by the exempt person

   • a a

     is the personal allowance (as defined in section 24(2)).