Care Fees Funding

updated: January 5, 2012

At present one in five people over the age of 70 receive some form of care, mainly in their own homes.  Of these around another one in five require continuous care which is mainly in a residential home or nursing home.

If you dread the thought of spending your final years in a nursing home, therefore, the good news is that this currently only applies to 4% (ie one in 25) of the population over the age of 70.

You may be reading this because you are concerned about an elderly relative who is getting increasingly frail, and wondering what his or her options are. 

On the other hand, as there is a possibility that you or your spouse may require some form of care in the future, then your interest is to include the possibility of requiring care into your long term financial planning.

To obtain further information please click on one of our pdf Guides to Care Fees Funding.

Part 1 of the Guide deals with the background to care fees funding and what assistance is available if you, or an elderly relative, require care, either at home or residential care.

Part 2 of the Guide deals with some of the financial issues surrounding care fees funding.

Part 3 of the Guide gives an overview of some of the main financial planning solutions that can be used when seeking to finance care fees.

If you have a question for our Care Fees Funding Specialist, Peter Kingston, or you would like to discuss your personal situation or that of a relative for whom you have an enduring or lasting power of attorney, please email enquiries@arch-fp.co.uk.