PEACE OF MIND FOR THE LATER YEARS
Long-Term Care
With care fees continuing to increase, changing legislation and people living for longer, funding the cost of long-term care is becoming an increasingly important consideration. When you or a loved one require long-term care, or are approaching retirement and planning for the future, finding the right financial support can feel complicated and stressful during an already emotional time.
Embracing your golden years can be a wonderful experience, filled with freedom and happiness. However, it's natural to have concerns as well. With rising costs of care, changing legislation and longer life expectancies, securing financial support for long-term care has never been more important. We understand that dealing with this can be complex and emotionally taxing, especially when you or a loved one are approaching retirement or in need of care.
The government does offer assistance through means testing, but if your assets exceed £23,250 in England and Northern Ireland, you may have to cover the cost of care on your own. Additionally, while the NHS provides funding for primary healthcare needs stemming from a disability, accident, or illness, it may not apply if you're older, frail, and without specific medical issues, even if you require long-term care.
For many who own a home or have savings, it may seem like the only option is to use their assets to cover expenses. However, there are alternatives. Seeking guidance from a specialist long-term care adviser can help you plan for the cost of care, without depleting your assets.
At Smith Eliot, our mission is to simplify the often intricate and bewildering world of care funding, allowing you to make informed decisions tailored to your own situation. Our comprehensive long-term care advice covers a wide range of topics, including:
Exploring different care settings
Understanding the intricacies of the care system
Identifying any benefits you might be entitled to and assisting with the claims process
Discussing NHS funding options and eligibility
Protecting the value of your home and financial assets
Exploring the various financial choices available to cover your care expenses
Rest assured, you don't have to navigate the journey of long-term care alone – we're here to support you every step of the way.
This may involve a referral to Karehero a care navigator and matching service provider, whose services are separate and distinct to those offered by St. James’s Place.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value may fall as well as rise.
