informed choice

Care Fees

Whilst many of us are looking forward to a long and healthy retirement, statistics show that 1 in 3 women and 1 in 5 men over the age of 65 will need some form of residential care during their lifetime.

Because we can now expect to live for twenty or thirty years beyond our selected retirement age, it becomes more likely that we will need help or specialist care in our later years.

Demographic changes often prevent our relatives from providing this essential support, with a desire to remain independent and not become a financial burden on our children driving many care decisions.

Since the introduction of the Community Care Act in 1993, local authorities are responsible for funding long term care. As a result, the long term care system is now needs and means tested.

In England, those with assets in excess of £23,250 have to pay their own care costs, with can average many tens of thousands of pounds a year.

This section of our website provides more information about state benefits, means testing, property, asset deprivation, pre-funded plans, immediate care plans and alternative options.

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