|Tuesday 27 February 2024 at midday
|Duration: 30 minutes
Rising life expectancy means many of us may need some form of long-term care in later life. The average cost of a UK residential care home is around £41,000* a year, so it’s vital to understand the funding options and how to limit the impact of care fees on your family’s wealth.
In this webinar, Stephen Carpenter, one of our long-term care experts, will explain how the UK’s care funding system works, the main self-funding options, and how to manage care costs alongside gifting and estate planning.
In this webinar we discuss:
- how the UK’s care funding system works
- the main options for funding long-term care
- how to manage care costs, gifting and inheritance tax
- the importance of getting specialist advice
- how to incorporate care fees into your wider financial plans
There will also be an opportunity to ask questions in a live Q&A.
This does not constitute tax or legal advice. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
Host: Stephen Carpenter
Stephen is a Chartered Financial Planner with over 30 years’ experience in the wealth management industry. Stephen specialises in later life planning and pension planning and holds the Later Life Adviser Accreditation through SOLLA. He is Head of Financial Planning in RBC Brewin Dolphin’s Marlborough office.
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