Planning for Your Long Term Needs
Financial Planning For You and Your Family
As we grow older, the care we may need can vary widely, from assistance with everyday tasks to more complex needs arising from physical or mental health challenges.
While the state covers some healthcare costs, many people are concerned about whether they will have enough money to cover their care needs. There is a real fear that they may have to deplete their savings or even sell their home to manage the rising costs of care in later life.
Our financial planning service is here to help you prepare for these varied and sometimes complex needs, understanding that none of us can predict when or how we will be affected. We work with families, when appropriate, to ensure that everyone concerned about the financial implications of long-term care receives the best advice, tailored to their situation.
Who pays for long term care?
Navigating the complexities of long-term care funding can be overwhelming, as it depends on your individual circumstances. Care costs typically involve a combination of elements such as nursing care, personal care, accommodation, and more.
It’s important to note the significant differences in how long-term care is funded across the UK, with varying practices in England and Wales, Scotland, and Northern Ireland. We’ll guide you through these differences and help you understand the best way to manage the financial aspects of long-term care, ensuring you make informed decisions based on your unique circumstances.
Care home fees can amount to more than £60,000 per annum
With care home fees potentially exceeding £60,000 annually, the financial impact can be considerable. Given the complexity of long-term care planning and the risk of significant wealth depletion, it’s essential to seek professional advice.
We strongly recommend arranging a meeting with our specialist consultant, who holds the FCA-required qualification in Long-Term Care advice, to receive expert guidance tailored to your specific needs and financial situation.
We can help with long term planning
Abacus Money Management Ltd
Office Hours
Mon to Fri: 9am to 5pm
Location
14 Miller Court, Severn Drive, Tewkesbury, GL20 8DN
Contact
01684 778360 info@abacusmml.co.uk
Abacus Money Management Ltd is authorised and regulated by the Financial Conduct Authority under registration number 610239
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses are unable to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk Please be aware that by clicking onto this link you are leaving the Abacus Money Management website, Abacus Money Management Ltd is not responsible for the accuracy of the information contained within the linked site accessible from this page.
Abacus Money Management Ltd is a Private Limited Company registered in the UK, Company Number 06755206