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Care Fees Annuities explained with AdviceOnCare.co.uk
Care Fees Annuities explained with AdviceOnCare.co.uk
Care fees annuities are all about ensuring the quality of care, giving you the choice of care and capping the cost of care so that you are comfortable and well looked after if you in need of long term care arrangements for you or a family member.
Reading,
UK,
United Kingdom
(prbd.net)
26/08/2010
Care fees annuities are all about ensuring the quality of care, giving you the choice of care and capping the cost of care so that you are comfortable and well looked after if you in need of long term care arrangements for you or a family member.
To help you understand how it all works, AdviceOnCare.co.uk are keen to make sure that you receive all the benefits that are rightfully yours as well as all the advice and information you need to help save you money and hassle.
According to A-Z Homes Guide, one in three people will need long term residential care at some stage of their lives and unfortunately the costs can be high. Average weekly fees for residential care in the UK was £369pw during 2009 increasing to £469pw for nursing care.
If you try paying for care out of savings, rather than through long term care fees annuity, you could run the risk of your money being seriously eroded due to the high costs that long term care brings.
So what are care fees annuities?
Care Fees Annuity was put in place to help people who are in need, or will at some point require residential care. The fees are set to cover the costs of long term care once the person needs full time residential care or nursing home care. Also known as an Immediate Needs Annuity the care fees work on the basis that a person’s life expectancy is lower due to the fact that they are unable to look after themselves without the assistance of a nurse or carer.
Care fees Annuities are only available to people over 50 who need care immediately, whether it is in a care home or in their own home. Each case is individually priced based on age, health, Sex and the income you need to provide.
All benefits that are paid directly to a registered care provider are tax free. This simply means that the income produced does not increase the person’s income tax liability and that purchasing a care fees annuity costs less than an ordinary annuity, yet still providing the same benefits.
To receive more advice when it comes to long term care, speak to AdviceOnCare.co.uk today the specialist long term care advisors who can help you understand how care fees annuity can save you money and hassle.
All enquiries are treated with the upmost confidence by people who are expert in long term care and understand the problems you are facing.
Based in Reading, Berkshire the team can offer face to face care fees service throughout England and Wales, and for clients living in Scotland the team offer the same professional service by phone and correspondence.
To organise your free consultation with a professional care fees consultant, please complete the enquiry form situated on the AdviceOnCare.co.uk website, or alternatively call FREEPHONE on 0800 970 4885.
About
Care fees annuities are all about ensuring the quality of care, giving you the choice of care and capping the cost of care so that you are comfortable and well looked after if you in need of long term care arrangements for you or a family member.
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