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AisaDirect Ltd, an Independent Financial Adviser authorised and regulated by the Financial Services Authority in the UK only.
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This website contains information which may or may not be applicableto your own situation and circumstances.
Any information or advice on this site does not constitute a personal recommendation. If you have any doubts as to whether a product or service is suitable for you, please seek independent advice.
Long Term Care Insurance
It is a fact that often the people who are most thrifty throughout their lives then end up being penalised again in ill health or death!
You pay tax on income, then tax on property, on any investment gains, even on your pensions and then you get further penalised for having the assets at time of illness or death.
FACTUALITY: Your entire estate, including your home, will be taken into account when your estate is assessed to see if you can afford to pay for your own long term care.
You may have no liquid assets (money) but you may still be required to pay towards your own costs in England and Wales (We do not advise on Scotland with respect to social grants and their differing social set-up).
FACTOID: Very few people have any planning in place for ill health in later life and will rely heavily on their assets accumulated throughout their lifetime, or the state. This can result in the loss of their homes and beneficiaries never benefiting from an estate on death.
Making provision for care in old age is important for people of all ages.
MORE INFORMTION IS AVAILABLE HERE.