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Paying For Care


There are several ways to pay for your care. The best one will depend on your specific circumstances.


Careful planning ensures a balance between paying for your fees, whilst protecting your savings, perhaps to pass along to your beneficiaries. The earlier you address how you may pay for your care fees, the better. People often seek help when they are beginning to run out of resources, at which point they have limited choices.

Prefer to speak to us directly?

The difference that financial advice can make.

Only specific financial advisors are qualified to advise on all the possible ways to pay for the care. These advisors are regulated by the Financial Conduct Authority and have achieved a recognized
specialist qualification. Our qualified advisor is Steve Paterson, with years of experience in the industry.

Whatever your solution may be, you can contact us for obligation-free advice to answer any questions you have and discuss your options for your care.

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The nine ways of paying for your care

The best option for paying for your care could consist of one or a combination of the following solutions:

Using your home as an asset
1. A Local Authority Deferred Payment Scheme
2. Renting your home for income
3. Releasing equity from your home
4. Releasing funds by selling your home

Not using your home as an asset
5. Liquid assets, cash and income
6. Investments & portfolios
7. Pension funds
8. Long Term Care Insurance Product (LTCI)
9. Third-party top-ups

It is likely that, regardless of your method of funding, care fees will increase due to inflation in the future. If your condition was to worsen whilst in care, your fees might also increase.

‘Self-funder’ status

A self-funder is an individual who needs care but has been deemed ineligible for NHS funded care or funded social care following a local authority assessment and financial means test.

We will make sure we carry out the necessary tests and help you through the process. It is important that you use any support you’re eligible for.

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Planning for your care

Care planning is both important as well as complex. A web page is unlikely to capture the full complexity of the process. We would recommend that you either get in touch for more information
or consult an impartial, free resource such as the Money Advice Service to find out more in the initial stages of your journey.