Categories for Advice

Care Fee Planning

November 30, 2021 8:43 am

An Introduction to Care Fee Planning Home Care Preferred was created not only to provide high quality care, but to undertake some of the strain of arranging care and the associated tasks. One significant concern when arranging care for yourself or a loved one, is the cost, and how to arrange paying for care.  While we are experts in care, we appreciate that there are areas in the field where specific professional advice is helpful.  We have spoken with a local Charted Financial Planning company WBW who have kindly provided us with a breakdown of care fee planning.  They have provided some very detailed advice, which is too long to publish here, but this is the introduction from WBW: INTRODUCTION...

How to Fund Your Care? Devon

November 30, 2021 8:31 am

Funding care can be very stressful for some of us, especially when the people we are looking after are those closest to us. Today, we share with you how you can reduce the cost of care.   Care Annuity or Care Fee Funding Plan/ Immediate Needs Annuities Not to be confused with a retirement annuity, a care annuity works in conjunction with a care fee plan which is purchased with a one-off lump sum payment (usually from saving, investment or property sale). This is not refundable unless capital protection is included. The income paid out by the insurance company is paid off for the rest of your life. This income is tax-free! This type of policy offers a guaranteed method...