If you’re under 60, funding your future care might not be top of your agenda. Garden improvements, good restaurants and holidays probably rank slightly higher, as well as saving for your pension if you’ve not yet retired.
It’s one of the scary things about growing old, isn’t it? We’re all living longer, thanks to medical science but does that mean more of us are going to end up in a care home, struggling to find the means to pay for it?
A Lasting Power of Attorney (LPA) ensures that someone else is able to make important decisions for you when you’re no longer able to.
Care home places are under threat, but are the financial difficulties the responsibility of the care home businesses, local or national Government?
If you need help with everyday tasks, your local authority has a duty to carry out a care assessment to find out what help you need. Find out how it works.
The cost of care delivered by a local authority or trust is determined by a Care Assessment, which includes mean testing.
Later life care can be difficult to plan for, but one certainty is that, should you need it (and many of us will), you will be in a better position to receive exactly the sort of care you would like if you have some of your own funds set aside to cover the cost.
Concerns over money dominate the thinking of preretirees, according to new research from Retirement Advantage.
2 million over 65’s in the UK have difficulty with one or more normal daily tasks such as washing, dressing or cooking. Plan for your future.