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

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 2014-2015, the weekly allowance ranges from the lower rate of £54.45 per week to the higher rate of £81.30 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:

Jardine Finan, Long Term Care Cost Advice
David Finan, Chartered Financial Planner and Accredited SOLLA (Society of Later Life Advisers) member. 25+ years’ experience. Independent Financial Advice to help fund care fees.
Tel: 01228 406397 / E-mail: 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

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

Danny Cashley DipPFS, Certs CII (MP & ER) Aff.SWW
Independent Financial Adviser
Plantech Independent Limited
Tel - 01362 869057
Fax - 01362 869043
E-mail -
Danny offers a free initial consultation.

Here are some more useful links on money for care... guide to Attendance Allowance

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

Financial issues regarding our Live-in Carer Service

Symponia - CF8 Financial Advisors

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Click here to request a copy of the following free leaflets
1. A public information booklet on NHS continuing healthcare and NHS funded nursing care.
2. Care Fees Planning Guide Leaflet. Publisher, Symponia.
3. "It Came From The Chopping Board" Food Standards Agency.
4. "Bugs Like It Hot!" Food Standards Agency.
5. "How To Complain About A Care Home Or Care In Your Home" Local Government Obudsman.
6. "Your Guide to Gas Safety" Gas Safe Register.
7. "A Closer Look In The Kitchen Could Save Your Life" Food Standards Agency.

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Able Community Care Ltd.
The Old Parish Rooms,
Whitlingham Lane, Trowse,
Norwich, Norfolk NR14 8TZ,
United Kingdom

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