TGCG SOLLA Care Funding Guide England - Flipbook - Page 4
Advice for funding care
SOLLA Accredited Financial Advisers understand 昀椀nancial and care
needs in later life and can help you and your family make clear and
informed 昀椀nancial decisions.
Now more than ever, when faced with the di昀케cult decisions around choosing and paying
for care, you need more than just informa琀椀on. You need careful and considered advice from
someone who understands the complexi琀椀es of the many decisions you and your family are
faced with, o昀琀en at a di昀케cult and emo琀椀onal 琀椀me.
A SOLLA accredited 昀椀nancial adviser will be able to help you in all areas of later life 昀椀nancial
ma琀琀ers, including re琀椀rement planning, care funding (both care homes and care in your
own home), equity release and other property op琀椀ons, saving and investment planning, tax
ma琀琀ers, and estate and wealth planning.
They will be able to give you advice about speci昀椀c op琀椀ons available to you, give you
recommenda琀椀ons based on your personal circumstances, and what products which best suit
your needs. The informa琀椀on will be presented to you in a way that helps you make the best
choices and decisions for you or for a family member.
You can be con昀椀dent in the 昀椀nancial advice you will receive because
all SOLLA members:
• Are specialists in advising older people on 昀椀nancial ma琀琀ers
• Have been Awarded the Later Life Adviser Accredita琀椀on (LLAA) which is independently
audited and endorsed by the Government Body, the Financial Skills Partnership (FSP)
• Follow a strict code of conduct
How to fund long-term care is an important considera琀椀on when looking at home care op琀椀ons.
Depending on your personal circumstances, there may be public funding or bene昀椀ts available
to you, or other 昀椀nance op琀椀ons.
How much you will need to pay yourself, or if the care and support will
be provided for free depends on a number of factors and a means test:
• Where you live in the UK
• Personal income and capital
• Care needs*
*Some people with long-term, complex health needs qualify for free social care arranged and
funded solely by the NHS. This is known as NHS con琀椀nuing healthcare.
