Usually the decision about care comes at a point of crisis, you or a family member have come to a point when being home alone is no longer an option. Either you are going to arrange for care to be provided at home or a residential/nursing home needs to be found. Due to the urgency of this the significance of how you pay for this long term is often overlooked.
Once appropriate care has been found many individuals improve and can live an enjoyable life for several years. Often much longer than expected, this can be financially draining if longevity has not been seriously considered.
You may not realise that there are options when it comes to making a provision to pay for care. Most people pay for care by drawing down from savings, but with low interest rates assets can be eroded very quickly.
We understand that this is a highly emotional time when the priority is to obtain the best care possible. Whilst you concentrate on dealing with this we will look at the financial implications.
*SOLLA was established in 2008 as a not for profit organisation dedicated to higher standards and accessibility to regulated financial advice for older people and their families. There are no shareholders and any profit is used to sustain the Society and its objectives. The society is recognised and recommended by Which?
We will provide you with the financial certainty that the cost of care is covered so that you can relax, make the most of the situation and take comfort in the knowledge that you have done your best.
We’re here and ready to help you face your financial challenges head on.
Call us on 0845 680 8910 or email: firstname.lastname@example.org.
The Moneytree Corporation Limited Registered in England number: 4350758. Registered Address: 14 Gipsy Lane, Warminster, BA12 9LR. Savvy Financial Planning is the trading name of The MoneyTree Corporation Limited which is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate taxation and trust advice. We are entered on the FCA Register No: 504571 at www.fca.gov.uk/register. The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. The value of investments and income can go down as well as up and you may not get back the full amount invested. Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service, Exchange Tower, London, E14 9SR. Tel: 0800 023 4567 or 0300 123 9123, www.financial-ombudsman.org.uk.
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