If you need a regular income now to pay for care at home or a care home, an immediate needs annuity (or immediate need care fee payment plan) could be worth looking at. The income from this type of annuity is tax free if it’s paid directly to the care provider. What’s in this guide […]
You need to find a way of self-financing your long-term care and you own a home that’s bigger than you need. Could the answer be simple? What’s in this guide Could downsizing be the answer? How does downsizing compare with other options? Other benefits of downsizing Do the sums Make sure you get proper […]
If you’re moving into a care home and most of your money is tied up in your home, your local council might offer you a deferred payment agreement. What’s in this guide Deferred payment agreements explained When might you use a deferred payment agreement? Am I eligible to use a deferred payment agreement? Are there […]
If you need to fund your long-term care and have already paid off, or nearly paid off, your mortgage, an equity release scheme is one option to consider. But, equity release isn’t for everyone, so use this guide to help you decide. What is equity release? Equity release is a way of benefiting from the […]