Prepare for Care Fees

As we get older, it’s normal to face things like mobility issues, frailty, memory loss, or other health problems. Not everyone will need care, but because people are living longer, more of us are heading into care homes than ever before.

Right now, if your savings and assets (including your home) are over £50,000 in Wales or £23,250 in England, you will have to pay for your own care. With care home fees averaging over £4,000 a month, it’s easy to see how quickly your savings could disappear, and how that could affect what you leave for your family.

That’s where a financial adviser can help. We can work with you to:

  • Plan for care costs in the smartest way possible

  • Protect as much of your estate as you can

  • Understand the rules around gifting assets and what’s allowed

With the right guidance, you can plan for the support you may need without unnecessary worry—and protect more for your loved ones.

Speak to an adviser

Quick answers

  • Yes, many people use the value of their home to fund care, either by selling it, downsizing, or using a financial product like equity release. Our financial advisers can explain these options and help you choose what’s best for you.

  • Gifting is possible, but there are strict rules about what you can give and when. It’s important to speak with a financial adviser before making any big financial decisions.

  • The sooner, the better. Early planning gives you more options and peace of mind for both your care and your family’s future.

What our clients say

testimonials

“I cannot thank you enough!! I was feeling overwhelmed trying to understand how care fees work and how a financial assessment is carried out if I need to go into care. I didn’t realise my house could be taken away! I might be a way off yet but I wanted to have a plan to make sure my kids still get my money or at least most of it and I’m so relieved that I’ve got everything sorted now. If you’re worried about how you’re going to pay for care fees, absolutely talk to the money partnership.”

Jennifer

WILL WRITING, TRUSTS AND INHERITANCE TAX PLANNING ADVICE IS NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY