Money
Retirement
Online chat: Long-term care advice
One in four of the UK population will require some form of long-term care in their lifetime - and funding it can be an emotive, complex and expensive prospect
Currently over a third of people in care are paying for that care themselves with little or no support from the state. With the uncertainty of not knowing how long funding will be needed, it's easy for the money to run out before the care needs do.
So it's important vital to consider all the funding options available early in order to ensure that any contributory assets are suitably protected.
With so many issues issues to make sense of, however, there is no simple one-size-fits-all solution. And on top of that there are fresh legislative changes to consider: as of October 1, the eligibility criteria for 'free' care from the NHS gets easier, the Registered Nursing Care Contribution changes and enduring powers of attorney will be replaced by lasting powers of attorney.
To cut through the complexity and help you work out your best options, we organised a webchat with Owain Wright, Head of Long-Term Care Funding Advice Services at Saga.
