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Finding Sources of Money for Care: Funding Long Term Care at Home

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Live-in care is expensive, but there are sources of money for care you can claim to help you pay for the live-in care you need.

Attendance Allowance can be claimed for care at home. This is not means tested so you are able to claim the allowance regardless of how much money you have. In tax year 2011-2012, the weekly allowance ranges from the lower rate of £49.30 per week to the higher rate of £73.60 per week.

Other sources of funding may be obtained from the NHS, you local authority, the Independent Living Fund or from various other funding methods such as eg. buying payment plans to cover care costs.

However it does depend on why you need care, the funding available in your area, and your financial means.

If you're thinking about planning long term care, here are some examples of the most common financial questions you may be asking:

  • "How will I be able to fund the cost of long term care?"
  • "I'm able to afford long term care but what might be my best option?"
  • "What financial assistance am I entitled to from the state?"
There are an estimated 19,200 homes sold each year in order to help individuals meet the cost of long term care (source: Laing & Buisson). But with proper planning and specific financial advice this figure would most likely be less. At any stage of your life, your long term care needs can be provided for; and the more care taken when planning this, the more effective it will be.

Although there are many sources of information and help on this subject, we are aware of Independent Financial Advisers who are experienced in this field and are happy to provide their contact details for you here:


payingforcare.co.uk is an impartial and consumer friendly website providing information on all aspects of care funding including local authority assessments, care entitlements, costs of care, arranging care for someone else and access to professional, properly qualified financial advice.


The Care Fees Advice Agency is a specialist independent financial adviser that helps people to find solutions for funding long term care needs.
Norfolk office: 01603 279057
National helpline: 0800 078 7430
www.carefeesadvice.com


Paul Barnard, Dip PFS, Certs CII (MP & ER) of Asset Investment Management Ltd., an Independent Financial Adviser based in Norwich who can offer advice on funding options, including Equity Release.

Paul is a director and adviser with the company who will deal personally with any enquiries.

Asset have a website dedicated to care fee planning which can be accessed at www.care-fees-help.co.uk.


Danny Cashley, Cert PFS Certs CII (MP & ER)
Positive Solutions (Financial Services) Ltd.
Telephone: 01603 271789
Email: dannycashley@thinkpositive.co.uk
Website: dannycashley-ifa.co.uk
Danny offers a free initial consultation.


Here are some more useful links on money for care...

Direct.gov.uk guide to Attendance Allowance...

Independent Living Fund website...

Look up your local authority website in this A-Z directory...

Financial issues regarding our Live-in Carer Service...

Symponia - CF8 Financial Advisors

For Regular Care News & Updates
Subscribe to 'Able Newsflash'

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