We are all living longer and it is likely that many of us are going to need help with long term care in the future.
Fees vary across the country. In December 2017, Unbiased estimated the average annual cost of a room in a residential home in the UK was between £27,000 and £40,000, and a room in a nursing home costed £35,000 to £54,000*. (*unbiased.co.uk, October 2018)
If you have savings or capital assets over a certain amount you will have to pay all of the costs yourself. As of April 2019 the current capital limit in England is £23,250.
Putting financial plans in place to cover Long Term Care Fees
It is important to start planning well before you or a loved one needs long term care. This can save time, money and heartache in the future. There are various options that can be discussed as well as the welfare benefits, that you may be entitled to.
We can help you understand your options and help put in place solutions that will deliver the best possible outcomes for all concerned.
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Zenith Financial Planning Ltd
8 Ragley Close
Tamworth
Staffordshire
B79 7SW
T: 01827 214800
Email Us
Zenith Financial Planning Ltd is an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. Quilter Financial Services Limited and Quilter Mortgage Planning Limited are entered on the FCA register (http://www.fca.org.uk/register) under reference 440703 and 440718.
Zenith Financial Planning Ltd is registered in England and Wales, No. 09448188. Registered Office: Mitre House, School Road, Bulkington, Bedworth, CV12 9JB.
The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.
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