It is a well known fact that our population is ageing.   As life expectancy improves and an increasing number of us survive well into our 80s and 90s, so too does the number of people requiring care on a long term basis.

 

This is something which touches us all, whether directly or through relatives such as ageing parents or grandparents. 

 

With complicated legislation to interpret and a multitude of financial options to consider, it is no wonder that moving into a care home or establishing permanent ‘at home’ care arrangements can be a very stressful and emotionally draining process. 

 

The average cost of residential care in East Anglia is circa £700* per week and only those with very limited capital means (capital under £22,250 for the 2008/2009 tax year) will qualify for financial assistance. * Source: Symponia

 

Although some help can be obtained in the form of attendance allowance, it does not usually provide a complete solution.

 

One option is to explore the advantages of dedicated financial policies that can cover all or part of the cost of care and whilst they are not a universal panacea, they can in the right circumstance provide a core solution. Many people are not aware of these plans and with the help and advice of a specialist many of the problems of providing funds for care fees can be solved.

 

At KT Financial Services, we have a number of specialist long term care planners qualified to provide accurate, sensitive advice for those either contemplating care, their relatives or those already in care.

 

This is a hugely topical issue and as experts in providing long term care financial planning, we can guide you through the maze that is Long Term Care legislation, potential financial solutions and detail what the State actually provides.

 

If you would like to discuss Long Term Care planning, your own needs or the needs of your relative or client, please contact Sue Gamble on 01603 661156 or email sue.gamble@ktfinancial.co.uk.