Self funding nursing care

As we head into later life, some of us might require nursing care. This type of care includes accommodation, meals, laundry and planned activities in addition to specialist care from a qualified registered nurse.

You will most likely be required to self fund your nursing care if your assets, including property, are valued over £23,250.

How do I self fund nursing care?

Nursing care fees are expensive and self funding them can quickly put a strain on your hard-earned capital. That’s why it is important to seek advice about putting a plan in place which aims to sustainably self fund nursing care for the rest of your life whilst protecting your lifetime’s earnings.

Ways in which our team of later life advisers can help, include:

  • Advising on and helping you claim NHS Continuing Care
  • Creating new income streams out of your capital to self fund your care
  • Assisting with the sale of property
  • Releasing equity from property where you don’t wish to sell.
  • Advising on Immediate Needs Care Plans
  • Advising on what state benefits you are entitled to
  • Setting up a Lasting Power of Attorney

With a wealth of additional options at hand, talk to one of our advisers in confidence and without obligation about your later life needs.

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Key facts:

  • Self funding nursing care is more costly than residential care
  • Nursing care includes specialist care from a qualified registered nurse
  • You are entitled to the NHS Registered Nursing Care Contribution – a small weekly contribution towards your care costs.

What next?

Ask an financial adviser a question for free, no obligation.

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Ring 0845 835 0112 or email info@laterlifesolutions.co.uk