Care funding resources
Long-term care: Preparing for the future.
Paying for care is a bit of a taboo and often your clients or their family are faced with care costs and uncertainty on how they’ll pay them.
These resources are here to help explore the different options available to your clients.
Here we explore how immediate needs annuities help pay towards care.
Here, we look at the advantages and disadvantages of funding care through savings and investments.
A possible option for clients who own their own home and need either residential or in home care.
Supporting your client on choosing the right type of care, from residential or nursing care to care at home or assisted living.
For clients who own their own home, they could consider renting their home to help pay towards residential care costs.
A person who receives local authority funding for care may choose a more expensive care home and get help with the extra costs from a third party.
What if you advise a client on their care funding strategy when they could have qualified for NHS funding? Here we explain how the NHS continuing healthcare assessment process works.
Everyone is entitled to a care needs assessment by their local authority. Once this has been done, a means test will be carried out to see if the local authority will contribute towards the costs.
For some of your clients who can’t pay their long term care fees, they could apply for a deferred payment agreement. We'll explain what they are and which of your clients might qualify.
This website is designed to give professional financial advisers information and tools that they can use to help control and develop their business and should not be relied upon by private investors or any other persons.