Financial advice and information on funding full-time residential care
Paying for long-term care can often be a complex subject for many. 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.
Guides and tools:
We have a Paying for Care guide available, 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?
Specialist independent financial advice
We recommend you contact an independent, accredited Society of Later Life Advisers (SOLLA) financial adviser who will be able to give advice on the funding of your care given the substantial investment and commitment you will be making.. 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. 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.
SOLLA accredited Later Life Advisers are specialists in Care Fees financial planning and follow a strict code of conduct. They offer advice on:
- Equity release
- Long term care funding
- Pensions and annuities
- Investments and savings
- Tax planning (IHT)