6 - Understanding Care Fees: What You Need to Know About Funding Later-Life Care

05/06/2025 36 min Temporada 1 Episodio 6
6 - Understanding Care Fees: What You Need to Know About Funding Later-Life Care

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Episode Synopsis

Paying for care in later life can feel overwhelming but it doesn't have to. In this episode of The Retirement Lounge, Chartered Financial Planner Nick Hutchings explains how care is funded in the UK, covering: Local authority assessments Care fees annuities (immediate and deferred) Self-funding thresholds and asset limits The value of specialist financial advice Whether you're supporting ageing parents or thinking ahead for yourself, this episode offers clear, calm guidance for navigating one of retirement's most sensitive topics.