Paton Wealth Management in Glasgow, experienced Financial Planners

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Long Term Care

Care Planning

Often as a result of old age and its associated problems, expert advice is crucial should a person need to pay for care, although age is not always a determining factor in needing Long Term Care.

Meeting the cost of care in old age is a growing issue for many people in the UK.

You may find it useful to read a beginner's guide on Long Term Care to find out how much you'll need to pay and what help you can get:

Beginner's guide to Long Term Care (Money Advice Service) »

Funding Care Fees

Financial Planning for the elderly has many strands: when to draw private pension benefits and in what form; whether an equity release scheme might be needed to provide cash. Considerations in relation to care funding and availability of NHS and local authority support.

The options for funding Long Term Care are varied and can often be complicated. Should you or a loved one need to pay for care at home or in a care home, it's important to know the facts. By investigating the following options using our expertise, we can assist you with the funding of Long Term Care :

  1. Is your existing income sufficient?
  2. Can you increase your income? We can assist in rearranging investments in a tax efficient manner
  3. Advice on downsizing and/or equity release (if being cared for in your own home)
  4. Assisting with a possible purchase of a long-term care immediate needs annuity (and the tax benefits with that) is something we can also help with (guide to care fee payment plans »)

Long Term Care expert advice can provide peace of mind to those needing care and to their family. Please contact us for advice in choosing the most suitable Long Term Care options to suit your needs.