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Living longer is good news… Isn’t it? While we’re living longer, there’s greater risk that we live longer in poorer health.
In broad terms, if you have more than £14,250 in assets, you will need to self-fund your own care. This threshold will usually include the value of your home, but it may be disregarded in certain circumstances and certain types of investment are excluded.
Care homes can be expensive and will vary by region. Many people don’t consider what happens if their money runs out or the likelihood of this happening.
We can help you make the right decisions at what can be an unsettling and anxious time. We offer professional, regulated and qualified advice and recommend the best way to fund care from the options available to you. We are happy to be SOLLA accredited (Society of later life advisers). We’re here to help!
We’ll survey the market and obtain quotes from providers of these ICP solutions to determine the most appropriate. This may take some time as the providers will need to obtain medical evidence and assess the details of the person requiring care.
The requirement for care can be a stressful time for all concerned. We hope to help alleviate some of that stress and potentially bring you peace of mind.
The earlier we talk to you the better as once capital has eroded by any significant degree it gets more difficult to provide solutions. If you or any of your loved ones are in need of care and self-funding it or considering it, then contact us now to arrange your appraisal.
You may find some of the following websites a useful source of information.
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.
Savvy Financial Planning, Hinton Business Park, Tarrant Hinton, Blandford Forum, Dorset, DT11 8JF