Nursing Home Funding

“Who pays for what?”

What people can expect to receive from the State is now clear. The amounts will vary but the principle is, those with relatively meagre assets or income will need to substantially contribute towards the costs of their own care.

Your Local Authority (LA) will not automatically pay for nursing care. It is a complicated process of means-testing your assets and income before deciding how much (if anything) they will contribute towards your care costs.

• Finding the right care
• Funding for the care
• Fully researching all the financial options available

What are my choices?

Natural Portfolio Strategies have partnered with Eldercare to provide a fully impartial service providing you with all the support and information you will need. Everything from negotations with carehomes, local authorities and other professionals involved in the care chain, to calculating how much you will need to pay, as well as providing funding options.

These options include:

• A Care Fee Annuity - a lump-sum payment purchases a Care Fee Annuity paying a tax efficient monthly income towards your nursing care fees . Guaranteed for your lifetime
• Investing For Income - you keep ownership of all your capital and pay your care home fees from an income producing investment
• Other options - including an interest free loan from your Local Authority, letting your property and equity release. You may also have sufficient cash savings to pay for care yourself or you can ask for support from your family and friends

It makes sense to take independent advice, helping and directing you to the most appropriate solutions.

If you are having to meet the cost of care yourself and want clear guidance about your options please contact us on 0845 833 0668.

Further information

For a full assessment of your requirements, please complete our detailed information form.