In 2016, 18% of the people in the UK were aged 65 and over, and 2.4% were over the age of 85%. Improvements in healthcare and lifestyle mean that more of us are living longer, and many of us will need some form of long-term care. This could be support to stay living independently at home or in a care home.
If you do need long term care you will probably need to fund some or all of its cost and some of the most common options for this are:
As everybody’s financial situation is different, Portland Financial Planning Limited provide specific advice on planning for long term care to meet your individual needs.
If you're interested in comprehensive long term care planning advice in Shrewsbury, Shropshire or across the Midlands, please contact our team today.