When planning for long term care, clients need to handle their capital carefully, says Tony Miles, technical director, My Care Consultant, Prudential.
Most people across the UK will pay something towards the cost of any social care needs, should they arise at some point in their lives*, despite repeated consumer surveys suggesting many think social care is free, like NHS healthcare….
Full Article here: https://professionalparaplanner.co.uk/development/long-term-care-planning-and-the-protection-of-capital-who-pays-where-and-why/
Article originally published by ‘Professional Paraplanner’ regarding the views of Tony Miles, technical director, My Care Consultant, Prudential. Greenfields Financial Management is not responsible for its content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.