Care Fees Advice and Investment Specialist

Paying for care

If you are moving into a care home and are selling your property, remember that there is a 12 week property disregard. The local authority must ignore the value of your home and help with your fees, as long as your other savings are below  the means test limit.

 

It is also  a good idea for couples to split their joint savings accounts -- if one goes into a home, state support is assessed on just that person's assets.

 

If you are paying for your care yourself, claim attendance allowance, and it  isn't means-tested. If you are going into a nursing home, claim for your nursing care, worth up to the current rate, even if you're in for a short stay. The neediest can qualify for full NHS funding of their fees.

 

Consider drawing up a lasting power of attorney while you are still well, to save your family expense and complications if you can't cope.

 

Choose a home you know you can afford -- it can be traumatic if you have to move later on because you can't afford it.

 

And it might be worth having a look at an immediate need care fee payment plan -- because these produce an income which goes direct to the home to cover the fees, you don't have to pay tax on the money.

 

STOP PRESS:  See our Care News page for recent developments on the care scene.

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You have guided us through the minefield of welfare provision for the elderly with tact and understanding.

Our sincere thanks”.