Get professional financial advice as you approach needing care
One of the biggest financial decisions that you will make in your lifetime is how you pay for your care costs, and for many it will be the last big financial decision they have to take. For many, the financial help that they receive from their local authority will be minimal, if any at all. Therefore, they need to consider how they will pay their costs.
Our calculator will help you estimate the cost of care homes or home care. Once you have an estimate of what your care will cost you, the next important step is to think about how you will fund these care costs. There are 6 main ways in which you can meet your care costs, which are a combination of using your property and savings and investments. As you will see the options are complicated and making a wrong decision can have a significant financial impact on you and your family.
Therefore, if you have to meet your own care costs it is important that you see a care fees financial advisor, that is a specialist in care costs, and help talk you through the various care funding options. They can guide you through the complexity and make sure you don’t make a financial decision you, and possibly your family, then regret. UK Care Guide