Welcome to Time Financial Planning Ltd's Care Fees Planning Service
We help older people, their friends, families and carers to make informed choices about how best to pay for care.
To request a copy of our free guide to care home fees planning, click here
Planning for Your Care Fees
None of us plan to go into care but some of us simply need to. Often this means that how the fees are going to be funded has not yet been thought through. At a free, no obligation meeting provided in the comfort of your own home (within a 40 mile radius of Reading in Berkshire), we will outline some of your basic choices and give you fresh ideas.
In order to provide advice on care fees advisers must hold a suitable qualification. In our case this is the Chartered Insurance Institute (CII) CF8 Certificate in Long Term Care Planning. To ensure that we have the right level of knowledge and experience we are members of Symponia, a professional body for care fees advisers. We are committed to ongoing training and development to ensure that we have the necessary and up to date skills to deal with the important issues involved.
We are able to produce a care fees planning report at your request for a fixed fee. The report will set out clear choices and detail what you need to know about paying for care.
- Funding options available to help meet the cost of care
- Typical costs of different types of care
- The options open to you if you run out of money
- Estate planning and inheritance tax issues
Because everyone’s situation is different, help and advice from Time Financial Planning Ltd is personal.
An immediate care plan will guarantee a certain level of income to help pay for care fees for the rest of your life. The cost will depend on:
- Your Health – cost can reduce based on how severe your condition is
- Your Age – the older you are, the plan will often be cheaper
- Your Care Home Fees – the higher the care home fees the more the plan will cost
The average cost of a long term care plan is £100,000 and while this may seem high, when compared to average yearly nursing care home fees of £38,000 this is just over two and a half years’ worth of fees. The average stay in a care home for someone funding their own fees is 4 years and around 10% of residents live 8 years or longer. (Partnership statistics 2010)