Long-term care
Good news: People are living longer.
Bad news: People are living longer.
Whilst life expectancy in the UK is rising, the number of years spent in good health is not necessarily increasing.
How we can help
We create strategies to provide peace of mind and assurance that you will be able to afford high quality care if and when you need it.
With our help, you can enjoy dignity, choice and independence for many years to come.
With long-term care, you need a reliable, consistent income to cover the costs of care.
So you’ll be looking to invest for a specific return, and aim for maximum growth to sustain the care for as long as possible.
We have experts who can take a careful look at your situation, assess your needs and provide advice on how to address them.
Take the first step now.
Case Study
Long-term care planning
The average cost of care in the UK is £600 per week for a care home and over £800 per week if nursing is required according to Age UK. These estimates could even be deemed conservative.
Whilst many of our clients would hope never to need care in a care home or within their own home, many like to know that they have a plan in place should the time arise. This type of planning could start by simply using an investment ISA each year in order to grow a tax efficient portfolio on which to call on in the future. Couples can, of course, inherit their partners entitlement to an investment ISA on their death and in some cases this has meant that the remaining spouse could have in the region of £900,000 in an ISA portfolio which could be used to top up income without liability to income tax.
By sitting down with one of our long-term care specialists, we can analyse your or your family’s specific circumstances. We can help ascertain if we could make their existing portfolio work harder to generate an income, call on insurance plans or buy an annuity designed to cover care fees.
It is extremely important therefore to understand what is most important to you and your family.
