• Culverhouse & Co

Long Term Care Planning




We all hope for an active and healthy life, but if you or a relative suddenly require long-term specialist care you may be required to pay for it; or you may find yourself caring for someone who can no longer look after themselves, meaning that your income is affected.


Why create a long term care plan?

Bearing in mind that if you have over £23,250 capital you will be required to pay for all of your care*, this is something that many people will need to consider. Despite this, recent surveys suggest that care is not high on the agenda of many retirees**.


Thinking about funding for possible future care needs now provides a stronger chance for you or a family member to receive the optimum care in an environment that is best placed to meet your/their requirements at the relevant time. This planning may also help ease the burden on your family when considering your care options if you are unable to do so.


How is a plan created?

We take the time to fully understand your current situation and your assets, then we can help you to work out the possible options for funding care.

We urge you to contact us sooner rather than later if you would like us to help you create your bespoke plan. Options are varied and can include: using savings, investment bonds, insurances and immediate needs annuities. We will work with you to identify the option that best suits your needs.


Next steps

If you’d like to talk further about long term care planning, do contact us. Following a review we can help you to put a robust plan in place, if necessary.


Remember that the value of your investments can fall as well as rise.


* Nhs.uk.

**Threesixty.

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Culverhouse & Co. is the trading name of Culverhouse & Co Ltd and Culverhouse Financial Planning Ltd.

 

Culverhouse & Co Ltd Company No: 6426365

Culverhouse Financial Planning Ltd Company No: 08470047

Registered Offices: 7 High Street, Farnborough Village, Kent, BR6 7BQ

Email: info@culverhouse-accountants.co.uk

VAT Number GB166078392

 

Culverhouse & Co Ltd is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales.

Details about our audit registration can be viewed at www.auditregister.org.uk for the UK and www.cro.ie/auditors for Ireland, under reference number C001690279.

Culverhouse Financial Planning Ltd is Authorised and Regulated by the Financial Conduct Authority for Financial Services. FCA Registration Number: 600931

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.

The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.

© 2018 by Culverhouse & Co