Financial advice and information on funding full-time residential care
Paying for long-term care is a complex subject and many people don’t know where to start. As The Orders of St John Care Trust (OSJCT) is a charity working solely to care for older people, we can offer helpful advice and information about all our care services.
Unlike healthcare delivered in the NHS, residential and nursing care for older people is not free for everyone. Exactly how much you might be asked to pay will depend on your individual circumstances. So when it comes to funding care it’s a good idea to talk to a specialist Care Fees financial adviser about your care options and how to pay for them – especially if you’re keen to stay financially independent.
Our new Paying for Care guide
For this reason, we have introduced a helpful ‘Paying for Care’ guide. It is designed to help answer some important questions, for example:
- How much does Residential & Nursing Care cost?
- How does care home funding work?
- What are the national guidelines on the assessment of total capital assets?
- Where can I obtain good financial advice?
- How can I organise a Lasting Power of Attorney?
- What other organisations and charities offer helpful advice on funding residential care?
- What are the contractual terms and conditions of living in an OSJCT care home?
Click here to download a copy of our 12 page guide Paying for Care.
Specialist independent financial advice
It is a good idea to seek specialist financial advice on the funding of your care given the substantial investment and commitment you will be making. We recommend you contact an independent, accredited Society of Later Life Advisers (SOLLA) financial adviser. SOLLA promotes comprehensive professional financial advice for older people and their families, particularly in helping people find accredited financial advisers who have been awarded the Later Life Adviser Accreditation (LLAA). SOLLA is a ‘not for profit’ organisation.
SOLLA accredited Later Life Advisers are specialists in Care Fees financial planning and follow a strict code of conduct. They offer advice on:
Long term care funding
Pensions and annuities
Investments and savings
Tax planning (IHT)
For more information on SOLLA and their offer of one hour’s free advice please read page 8 of our guide Paying for Care.
The Orders of St John Care Trust, as a leading not-for-profit care provider, is entirely independent of SOLLA. Although we are an affiliate member, we do not receive any commission or income from them, nor do we provide any warranty over any advice and information they provide.