Care home fees
Peace of mind for later life care
Planning ahead for care home fees – whether that’s for you, your partner, or another family member - can bring peace of mind and ease financial burden.
How do care home fees work?
If you ever need to go into a care home, you’re usually expected to pay your own fees. Residential long-term care is means tested: those whose savings exceed £23,250 are expected to pay for it themselves, unless your specific care needs or financial position means your local authority or NHS Trust pay for some or all of the cost.
If you're self-funding, you run the risk of running out of money for your fees. By planning for the future well in advance, you can manage your assets and ensure your estate isn’t swallowed up by care home fees. It’s essential to evaluate the sources of income available to you, as well as any state entitlements, so you can understand the full cost of funding care over a long period.
How we can help with your long-term care plans:
Our specialists’ knowledge will help you ensure your future is as smooth and straightforward as possible. We'll help you monitor your money to pay for long-term care, advise on the level of care that can be afforded, and offer advice on regular income plans like annuities to ensure that care can be paid for.
Having the right information will help you make the best choices, giving you and your family peace of mind in the future.
Want help with your later life planning?
