Care Fee Planning2018-11-05T10:06:22+00:00



As healthcare becomes more advanced, people are starting to live for longer than ever before. Unfortunately, this also means more of us will need to consider care fees at some point in our lives. Residential care homes are an enormous financial undertaking and are likely to become a financial burden for those closest to you. Enjoying your older years with care, comfort and minimal financial burden requires careful forethought and long-term planning.
At Estate Planning Solutions, we understand that care fee planning can be stressful. We also understand that no two situations are the same. Our consultants will assess your individual situation, requirements and objectives, offering sound professional advice to guide you to the right decision for you and your family.


We can answer any of your questions on Care Fee Planning.


If a local authority is not available, there are many private funding solutions to help cover care fees for as long as required. These generally involve drawing on your family’s assets, pensions and investments to provide a regular income to cover the cost of care.
If you are in need of care but do not have sufficient personal assets to cover the costs, there are other options available from the state. These include local authority funded care, state benefits and NHS care.
There is always a solution to each individual situation. Contact our consultants today for professional advice on how you can plan ahead.
There is a support infrastructure in place to provide for those who require care. A local authority will first assess your situation based on your needs, the level of care you require, and your personal financial situation. If your care requirements are assessed to be higher than your means of paying for them, you may be eligible for funding and free care services such as home modifications, day/night carers and meals. However, if the local authority determines that you have sufficient capital or income in place, it will be left up to you to cover some or even all the care expenses. Currently, local authority funded care is not available if you have more than £23,250 held in savings and property.
The tax-free Attendance Allowance is available if you are aged 65 or over and have a physical or mental handicap that renders you unable to look after yourself. The amount payable is currently just over £80 per week if you need care both day and night, and around £55 if you only require daytime or night-time care (as opposed to both). These benefits are not means-tested, so they are available to you regardless of your level of income or savings. However, note that if your care is funded by the state, you will not qualify for Attendance Allowance.
If your requirements pertain to healthcare as opposed to social care, the NHS can provide funding to cover certain services and equipment you might need. This generally involves the NHS paying a fixed weekly amount directly to a care home to cover the costs of nursing and healthcare. Another option is the NHS Continuing Care service, whereby the NHS can fully fund care costs for those with very severe, complex or terminal illnesses.
Couple Doing Taxes

For free advice, speak to one of our consultants today.