LONG TERM CARE

It may be inevitable for some of us that at some time in our life, that we may need additional care. This could be in the form of a carer at home, extra facilities such as chair lifts or adapted baths or perhaps residential or nursing care if relatives are unable (or unwilling) to look after us.  It is important (and cheaper) to plan ahead for this eventuality and equally important to obtain advice from a financial planner with a specialist qualification in long term care. This is a service that we offer.

 Available options

 1. Prudent investment of any  existing capital relying on investment returns to “top up” existing income to meet the care fees. Renting out of the property can also provide additional taxable income.

2. An Immediate Care Plan whereby a lifetime income is purchased from a specialist provider.

3. Deferred Care Plan providing a lifetime income after a deferred period This is also purchased from specialist providers.

4. Combination or Partial Care Plan utilising a combination of investments, rental income and care plans to provide income to meet the care fees