The Department for Business, Energy & Industrial Strategy (BEIS) has issued a letter to the construction industry, providing an update on the role of the sector in response to the...
Care home fees
Due to our ageing population, care home fees are an issue for increasing number of people. Today, men aged 65 have a 70% chance of needing some care whilst for women aged 65, the figure is almost 90%. The situation is likely to get worse. People are living longer, but not necessarily healthier lives, and living with conditions such as arthritis, the effects of a stroke or dementia.
On average, a 65-year-old can expect to need ‘care’ costing £30,000 during retirement, although 5% will need care that costs more than £100,000.
‘Care’ does not include accommodation costs and so these government figures can effectively be doubled. For a couple, these figures can potentially be doubled again if they both require care.
We can help you to plan for care service requirements with advice and guidance on the assessment process.