Meeting the cost of care is a growing issue for many people in the UK. As life expectancy continues to lengthen more of us can expect to require some form of long-term care.
Whatever your circumstances, the costs involved can be daunting to say the least.
The average cost of residential care in the UK is currently estimated at £32,344 a year. If nursing care is also required, this can rise to £44,512 a year*.
While the state can help with some costs, eligibility for help is limited and many people find themselves over the threshold when state support is provided - currently £23,250 in England (with national variations).
The subject of state care funding continues to receive increased political and media attention. In 2017 the Government announced that it would not be taking forward plans to implement the highly anticipated cap on care. They have instead committed to a fresh consultation on the issue of social care and how to fund it, with a Green Paper issued in Autumn 2018.
Unfortunately, for the time being, it remains the case that the issue surrounding the care and the funding of care costs can be detailed, complex and will often vary depending on your personal requirements and location.
We can help navigate you through the confusion and complexity, at a time when you need it most.
*Source: Laing & Buisson Report 2017/18.