Discover the financial considerations when it comes to paying for care. Understand the self-funding threshold and average costs of residential and nursing care. Explore options like Deferred Payment Agreements, renting out your property, equity release, cash savings, investment, and Immediate Needs Annuities. Navigating these complexities can be challenging, but engaging with a SOLLA Accredited independent financial adviser ensures a bespoke strategy for your long-term care planning.
Read MoreDiscover the importance of planning ahead for long-term care and the potential financial consequences of leaving it too late. Learn about the average costs of residential and nursing care, the risks of depleted savings and assets, and the available financial tools to protect your wealth. Seek professional advice to navigate delicate considerations like deliberate deprivation of assets.
Find peace of mind for yourself and your loved ones by proactively planning and preparing for long-term care. Contact Richard, a SOLLA Accredited adviser and renowned vulnerable customer champion, for a complimentary meeting to discuss your circumstances.
Read MoreWith the increase in the demand for care at home, we quizzed local company, Home Instead Bristol North about what kind of care they provide, why care at home is so popular and what people should be looking for in a provider.
Read MoreIndependent Financial Adviser, Richard Higgs takes you through a simple to understand explanation of the care process in England. It can feel daunting when faced with planning and organising the care you or a loved one might need. This video will help you to understand the steps you may need to take.
Read MoreRichard Higgs, Independent Financial Adviser explains all about funding long-term care, including an update on the proposed social care reforms expected to come in to effect in October 2023.
Read MoreWhen an older relative is considering moving into a care home, often leaving the family home in the process, the question inevitably turns to how to pay the fees for that care home. The decision whether or not to sell the family home is usually central to the care funding question.
For some people, a proportion or all care fees can be covered by any income you may have. This could be made up of Attendance Allowance, other benefits such as state pension, any workplace or private pension income and any other income you may have. For others, it’s not as straightforward.
Read MoreThe proposed changes announced by Boris Johnson affect those entering care from October 2023. The Government’s main document on its changes says that it will use legislation in the Act to ‘ensure that self-funders are able to ask their Local Authority to arrange their care for them so that they can find better value care’. Precisely what effect that will have in practice is unclear.
Read MoreTo make the best of these treasured years, ideally you will be in good health and also have finances in place to enjoy yourself. However, many people will need some form of care in later life, perhaps at home or in a residential setting and unfortunately when your health deteriorates, this care can become very expensive. Do you know how you will fund any long-term care requirements?
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