A new report by the healthcare agency ‘Prestige Nursing and Care’ states that the average cost of a single room in a care home has soared by 5.2% in the past year to £30926pa.This is an average throughout the country. In London for example the costs have rocketed by 19.1% to £38896pa whilst in the […]
Tag Archives | Care Fees
A Real Investment
If you are cashing in your pension pot under the new legislation and are looking for a real investment then why not try this? Buy a Funeral Plan at todays cost and ensure you have the funeral you wish for at no extra cost whenever you die. Recent 2013 research by the University of Bath […]
Double Penalty for Savers
Savers pay double tax
1in4 face losing everything
Wills and Trusts prevent loss of Homes and Savings
Shaky signature prevents access to savings
Reported in the Daily Mail on 17 October are details of a 90 year old who is being prevented from accessing his savings to pay his care fees by the Yorkshire Building Society who says it cannot recognise his signature. The elderly pensioner is still sound of mind and wishes to retain control of his […]
Penniless War Hero
Wills for property protection
Another stall
Wills and Trusts are valuable weapons to protect Inheritance
Numbers double
Over the next 20 years the number of elderly people who will be forced to pay their own care bills will double. So predicts a report recently produced for the Local Government Association, the umberella body for Local Authorities. It forecasts an 84% rise on current levels of cost for taxpayers from the present £14.5bn […]
More Women in Care
A new study from Queen’s University Belfast indicates that Women are 40% more likely to go into Care Homes than Men. The researchers followed over 20,000 couples over the age of 65 for six years in order to produce these findings. It also indicated that people were far more likely to go into a home […]
14% Increase in Care Home Fees
Research carried out by Age UK has found that average care home fees have rocketed over the past year by a staggering 14%! Prices appear to be highest in London where annual averages for care homes is £35300 and for nursing homes £45100. Throughout the UK the average is now £27300 and £37500. Apparently the […]