Long Term Care

It is prudent to set aside funds to enable you to afford nursing care either at home or in a residential facility, in case you or your partner requires long term care. The reason for this is that there is no guarantee that there will be sufficient funds available through the National Health Service (NHS) to fund the care that you need once you are in your retirement. Currently, the NHS pays a contribution, known as the Registered Nursing Care Contribution, towards the cost of long term care, but there is still the expectation that patients have funds set aside to supplement this contribution.

If you feel that you may soon be in a position to need long term care, you should also ensure that you claim any benefits that you are eligible for, and make use of the guidance available from charities such as Help the Aged when you are considering your options for long term care. If you are simply planning ahead for your retirement, there are a number of options available to help you invest your money for future, and it is important to seek professional finance advice to help you work out the best investment path for you.