Care fees: What you need to know
The UK population is getting older – and quickly. Between 2005/06 and 2015/16 the total number of people aged 65 or over in England increased by close to 21 per cent – nearly 1.7 million extra people.
Moreover, the greatest growth in percentage terms has been amongst those aged 85 and over this age group increased by 31.3 per cent (or more than 300,000 people) over the period. This is increasing the strain on the UK care sector and is likely to mean that in future we need to pay more ourselves for care if we want to enjoy a similar quality of life – but how do we go about paying for it?
In this webinar on care fees, Clive Barwell, an independent financial adviser at Wren Sterling and accredited by the Society of Later Life Advisers (SOLLA) talks through the issues in the sector, what people need to be aware of as they or a family member prepares to go into care and the value of a financial adviser in the process.