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  • Equity Release | Advice on Care | Impartial Care Fees Consultant
    as you go basis or if perhaps more sensibly if you want to ensure that care can continue to be received indefinitely to consider using to buy a care fees funding plan Please note Under most commercially available equity release schemes at least one property owner aged 55 must remain living in the property Consequently all such schemes insist the money is repaid within 12 months once the last person moves into care so cannot be used by any sibling or Power of Attorney to raise money on a parent or relative s home to pay for their care Specialist equity release schemes for those already in care However as specialist care fee advisers I am pleased to say we do have a specialist scheme which might allow this specifically to enable you to buy a care fees funding plan that in turn will help fill any shortfalls in care fees subject to property valuation property criteria and providing no spouse will remain living in the property and the person living in care is at least 80 It will even allow you to rent out the property when any rent received can be used to help meet the fees If such rental is allowed for at outset it can also help reduce the size of any care fees plan required No monthly repayments are due but a fixed rate of interest is added and compounded on the amount released Consequently the debt will increase until eventually it is repaid when the house is sold To find out more about care fee plans visit care fee funding plans or to enquire more about these specialist plans please give us a call For researching and arranging a scheme for you we will charge a fee on completion usually 1 5 of the

    Original URL path: http://www.adviceoncare.co.uk/equity-release.html (2016-04-24)
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  • Who we are | Advice on Care | Impartial Care Fees Consultant
    Quote Request Form What is an Immediate Needs Annuity Q What is an Immediate Needs Annuity A An immediate needs annuity is a plan offered by specialist long term care annuity providers to provide a guaranteed indefinite income either with or without increases each year to meet ongoing care fees As such Immediate Needs Annuity have in the past been referred to as Care Fee Annuities but to better describe what they do providers are now calling them Care Fee Funding Plans or Care Plans for short Where the term Immediate Needs Annuity is useful however is the fact that such Care Fee Funding Plans are only available once a need for care arises They are not an insurance against just the possibility of needing care in the future Care Fee Funding Plans are however available to anyone currently needing care wherever that care is to be received at home or in a care home and the income they provide is currently paid tax free providing it is paid directly from the insurer to a registered care provider whether that s a care agency providing care at home or a care home You can find out more about immediate needs annuities by Care Fee Funding Plans How much do care fee funding plans cost This is impossible to answer here as each one is individually priced and will be based what health issues and history the person needing care has We would however be happy to get you medically underwritten quotes from ALL providers FREE OF CHARGE if you simply complete our Quote Request Form and we will send a simple medical form for you to complete and return which we will then send off for you and obtain the quotes Can a care fees plan be purchased whilst in a care home Q Can a care fees plan be purchased whilst in a care home My father aged 91 has now been in his care home for several years and is very happy where he is I am now becoming concerned that his money will not last and I do not want to have to move him simply because his money runs out I have heard about care fee annuities but can they still be purchased even though he has now been living in his current care home for some time A The simple answer is yes it doesn t matter how long your father has been residing in a care home Indeed the older someone is subject to a normal maximum age at time of applying for a care fees annuity not being greater than 101 and therefore the shorter their life expectancy is deemed to be the cheaper the premium is likely to be There is no problem whether an applicant is living at home or is already in a care home Indeed most care fee annuities or to give them their more up to date description Care Fee Finding Plans are purchased by family for parents only once they have moved into a care home The only problem you may encounter is whether or not your father will still have sufficient money to purchase such a plan if you leave it too long as his current care fees will continue to eat away at his savings until a care plan is set up Unfortunately some people leave it too late and the cost of care fees have eroded money too much So we would recommend that you at least obtain quotes on a care fees annuity or funding plan as soon as possible As impartial care fee advisers we would be happy to obtain accurate quotes from all care fee funding plan providers for you FREE OF CHARGE simply by you completing our simple Quote Request Form when we will send you a simple medical form to complete sign and return to us when we will do the rest for you Once all quotes have been received we will produce your complimentary comparison and send it to you How do you get quotes on care fee funding plans Q How do you get quotes on care fee funding plans I have been told that providers will not give quotes directly is this correct If so how do I get quotes on long term care annuities A That s correct Care Fee Funding Plan providers don t offer quotes directly to customers This is partly because they need to first obtain medical information before quoting and all providers of such long term care annuities have agreed to use one medical referee who will write and obtain just one medical report from the GP and care home and supply all providers with the same information received It is also because the Financial Conduct Authority formerly FSA insist that advising on long term care is a specialist are of financial advice requiring in depth knowledge of not only the care system but also benefit entitlement and advisers offering such advice must hold specialist qualifications Being a leading national care fees adviser since 2004 we hold those qualifications and can obtain the very best long term care annuity quotes from all providers easily for you and FREE OF CHARGE simply complete our Quote Request Form and we will send you the simple medical form to complete sign and return to us and we do the rest Once all quotes have been received we will produce your complimentary comparison and send it to you Will care fee plans continue to pay out if needs improve or a move to a different care home is needed or later qualify for free NHS Continuing Healthcare Q Will care fee funding plans continue to pay out if needs improve or a move to a different care home is needed or later qualify for free NHS Continuing Healthcare If our mother s health improves and she leaves her care home to either stay with family friends or alternatively wants or needs to move care home will the care plan still continue to pay out A Yes care fee funding plans are portable so no matter what type of care your mother is receiving when the plan starts the income provided will continue no matter where she receives her care either a different care home or indeed because she can move in with friends family The only point to watch is that should she no longer receive care from a registered care providers such as a care home or care agency or qualifies for free NHS Care whilst the income would continue to be paid into her bank account it will no longer be free of tax However whilst the current basic rate of tax is 20 2015 16 like any other annuity should the income from a care fees funding plan be paid directly to the persons bank account tax would only be due on any interest element the provider adds to capital the applicant paid to buy the plan Therefore although the current basic rate of tax is 20 2015 16 the tax paid will not be 20 of the full amount of monthly benefit provided only on a small proportion of each monthly instalment To find out more about care fee funding plans visit Care Fees Funding Plans Are Care Fee Funding Plans different to Long Term Care Annuities Q Are Care Fee Funding Plans different to Long Term Care Annuities A No the term Care Fee Funding Plans is just the new term used by providers to better describe what such care fee funding plans do They were originally called Long Term Care Annuities but as care fee funding plans are designed to pay a guaranteed TAX FREE income to pay for care fees for the remainder of someone s life providers have felt it would be better to re name them Care Fee Funding Plans provide a very useful way of capping the cost of paying for long term care and if you chose an escalating plan the benefits the income they pay will also increase each year to offset rises in care fees To find out more about care fee funding plans visit our dedicated page Care Fee Funding Plans Q How much do care fee funding plans cost A This is impossible to answer here as each one is individually priced and will be based what health issues and history the person needing care has We would however be happy to get you medically underwritten quotes from ALL providers FREE OF CHARGE if you simply complete our Quote Request Form and we will send a simple medical form for you to complete and return which we will then send off for you and obtain the quotes What is the minimum age anyone can take out a care fees plan Q What is the minimum age anyone can take out a care fees plan A Currently the minimum age that any insurer is willing to offer a care fees funding plan previously often referred to as a care fees annuity is 60 To get a free quote today click here What happens if a care fees plan provider goes out of business Q What happens if a care fees annuity provider goes out of business A Currently there are only three care fee annuity or long term care annuity providers Partnership Assurance Friends Life and Just Retirement and all are well established firms with many years experience in offering annuities so the chances of this happening are small However for your added peace of mind should something happen and any of them become unable to continue to meet their liabilities you are covered for up to 90 of any outstanding liability by the Financial services Compensation Scheme FSCS For more reassurance and to find out more about the FSCS visit Financial Services Compensation Scheme Do long term care annuities or care fee funding plans offer any capital protection against early death Q Do long term care annuities or care fee funding plans offer any capital protection against early death I have heard about how long term care annuities now I believe called care fee funding plans provide a guaranteed income for life to pay for care fees but can you please explain what happens if my mother were to die quite quickly after taking one out say within the first year Is a long term care annuity protected is there any capital protection and refund or do you lose everything A Long term care annuities which are now referred to as care fee funding plans can be arranged with either no early death capital protection or with for a little extra cost In the event of choosing an unprotected care fee plan and your mother dying in the first year you do have to accept that you lose any balance of premium paid However one of the care fee funding plan providers does offer some limited decreasing capital protection in the first 6 months even where no additional extra protection has been selected If you would like a little longer peace of mind with all providers you can chose to pay extra to give you some longer term capital protection when you can chose to protect either 25 50 or 75 of the increased premium How this then works is that whatever percentage of protection you opt for becomes the initial protected amount and then whatever has been paid out in terms of benefits to pay for care fees by time of death is deducted from the initial amount Any balance depends on when death occurs is then refunded This balance would then form part of the estate Lets look at an example to see how this works in practice If you opt for a protection of 50 on a level annuity offering 18 000 and this protected annuity in total then costs 90 000 the initial protected amount is 50 of 90 000 or 45 000 However as the benefit of 18 000 would provide a monthly benefit of 1500 simply 18 000 divided by 12 if death occurred after 10 months the refund would be 30 000 45 000 initially protected minus 15 000 benefit paid out 10x the monthly benefit However if death occurred in month 24 the refund would be only 9 000 45 000 initially protected minus 36 000 benefits paid to date Obviously after a certain period no refund would apply and what capital protection you have paid for will become pointless How much would such capital protected annuities cost The cost for such capital protected care fee funding plans are all individually priced based on individual health records and needs To get a FREE accurate medically underwritten quote on both protected and non protected plans simply complete our Quote request Form web developers this should hyperlink to our quote request form and we will send out a simple medical questionnaire for completing signing and returning to us and we will do the rest What is the current capital threshold for long term care in England Q What is the current capital threshold for long term care in England A As at 2015 16 the Upper capital threshold above which anyone has to pay for their own long term care providing they do not qualify for free care under the NHS Continuing Healthcare is just 23 250 in England The lower capital threshold below which you should be entitled to maximum local authority funding is just 14 250 Please note in both thresholds capital includes both your own and 50 of any jointly held savings and investments including deposits in banks and building societies as well as current accounts ISA s Shares Unit Trusts or other collective investment accounts National Savings and Government Bonds and buy to let properties After the first 12 weeks of permanent care it even includes the house if your spouse if applicable is not going to remain living in the property and no other family member aged either under 16 or over 60 or any age if disabled is to remain living in it Anyone with capital below 23 250 2015 16 but above 14 250 will have any assessable capital which is above 14 250 converted into theoretical or tariff income at the rate of 1 per week for every 250 of capital above the lower threshold This is then added to your ordinary income from pensions etc and if the resulting combined income exceeds what the local authority is prepared to pay you will deemed to be a self funder and need to fund your own care This is where professional care fees advice from an impartial care fees adviser such as ourselves can help as we will look at what other funding options you may have You can find out more about how we can help or to book an appointment for one of our care fee consultants to visit you simply by visiting our dedicated care fees advice page What is the current capital threshold for long term care in Scotland Q What is the current capital threshold for long term care in Scotland A As at 2015 16 the Upper capital threshold above which anyone living in Scotland and who doesn t qualifying for free care under the NHS Continuing Healthcare has to pay for the their own long term care is just 26 250 Unlike in England however Scottish residents are only means tested for the accommodation and food sometimes referred to a Hotel costs Anyone who needs care and is over 65 receives a Personal Care Contribution worth currently 171 per week 2015 16 Likewise if nursing care is required and is received in a nursing home they also receive an additional 78 per week 2015 16 The lower capital threshold below which you should be entitled to maximum local authority funding towards the hotel fees is just 16 250 Please note in both thresholds capital includes both your own and 50 of any jointly held savings and investments including deposits in banks and building societies as well as current accounts ISA s Shares Unit Trusts or other collective investment accounts National Savings and Government Bonds and buy to let properties After the first 12 weeks of permanent care it even includes the house if your spouse if applicable is not going to remain living in the property and no other family member aged either under 16 or over 60 or any age if disabled is to remain living in it Anyone with capital below 26 250 2015 16 but above 15 500 will have any assessable capital which is above 15 500 converted into theoretical or tariff income at the rate of 1 per week for every 250 of capital above the lower threshold This is then added to your ordinary income from pensions etc and if the resulting combined income exceeds what the local authority is prepared to pay for your accommodation costs you will deemed to be a self funder and need to fund your own care This is where professional care fees advice from an impartial care fees adviser such as ourselves can help as we will look at what other funding options you may have To find out more about paying for care if you need to be a self funder visit paying for care What is the current capital threshold for long term care in Wales Q What is the current capital threshold for long term care in Wales A As of 2015 16 the Upper capital threshold above which anyone living in Wales and who doesn t qualifying for free care under the NHS Continuing Healthcare has to pay for their own long term care is 24 000 There is no different lower capital threshold figure in Wales unlike in England If you live in Wales and your capital exceeds 24 000 you will be deemed to be a self funder and need to fund

    Original URL path: http://www.adviceoncare.co.uk/faqs.html (2016-04-24)
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  • Additional Services | Advice on Care | Impartial Care Fees Consultant
    Paying for care in Scotland Care fee funding plans Equity release FAQ s Additional Services POA s Wills Pre payment funeral plans Professional Partners Contact Us Additional Services As experienced and impartial financial advisers as well as long term care specialists our support doesn t stop at just designing a care plan Many of our clients ask us to help them manage any remaining money more effectively for them and also arrange Lasting Powers of Attorney Wills Pre payment Funeral Plans For further information on either of these please click on them Contact us Advice on Care 73 Devonshire Gardens Tilehurst RG31 6FP Telephone 0118 958 5571 Email info adviceoncare co uk Accreditations Financial News Our Digital Magazine To receive every issue of our magazine by email simply register your name and email address in the form below The information contained in this web site is for general information only and is not financial investment or tax advice It is also subject to the UK regulatory regime and is therefore restricted to consumers based in the UK If you would like to discuss a particular issue or generally ask us how we can advise on your particular situation then please

    Original URL path: http://www.adviceoncare.co.uk/additional-services.html (2016-04-24)
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  • Powers of Attorney | Advice on Care | Impartial Care Fees Consultant
    appointed Deputy for them This can be very costly and take a long time to obtain anything between 7 9 months Typical Costs of Obtaining a Deputyship include Application fee 400 Hearing fee 500 if court decides need it Registration Fee 100 Register Search 25 You will also have to pay annual supervision fees which depending on the level of supervision the Court decides you need will be anything between 35 320 p a and you will also have to arrange or buy a financial security bond Source https www gov uk become deputy fees June 2015 Not only this but if you find the application too difficult or time consuming and appoint a solicitor to help you this could considerably increase the cost Types of Powers of Attorney Powers of Attorney can either be General powers of attorney which only remain valid until someone loses capacity useful for giving someone temporary powers to manage your affairs perhaps while you are going to reside abroad for a while Lasting Powers of Attorney which allow the attorney to continue to manage the affairs of the person who appointed them the Donor even when the Donor loses mental capacity They must however be made whilst the Donor has capacity to decide who they would like to act for them There are two different Lasting Powers of Attorney one for power of finances and the other which allows someone else to make decisions over the Donors medical treatment and their welfare Choosing Attorneys Because you will be wanting an annuity to be able to help you manage your own affairs and unless you restrict the powers you give them it is wise for you to choose only those you can trust Attorneys must be 18 and of sound mind You can either appoint just one attorney to act or more than one If you chose just one we would suggest you also appoint a reserve attorney to step in if something happens to your sole attorney preventing them from acting If appointing more than one you can chose whether they must act jointly in every decision which would mean both would have to sign everything e g cheques applications for selling investments property etc which can be difficult at times or you can allow them to act separately of each other which means either can independently of each other act which can be best just in case one may be ill or too far away to sign paperwork etc Alternatively in joint attorney cases you can chose to state that they must act jointly in some issues such as possibly selling your home but allow them to act independently of each other in smaller matters How can you find out if a Power of Attorney has been made If you are not sure whether the person who needs care has made a Power of Attorney you can check by completing form OPG100 obtainable from the Office of Public Guardian complete it and send

    Original URL path: http://www.adviceoncare.co.uk/lasting-power-of-attorney.html (2016-04-24)
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  • Wills | Advice on Care | Impartial Care Fees Consultant
    made their will have you Don t delay Make a will today Only an estimated 42 of UK adults have made a will Even if you are one of them is your will still valid Check Have you got married since making it as marriage will invalidate any existing one unless it was made in preparation of the marriage Have you got divorced or formed a new relationship since Even divorce doesn t make a will invalid so if your will no longer reflects what you want you should consider making a new one If you have formed a new relationship will your current will provide adequately for any new partner or perhaps more importantly protect any of your own children you would still like to benefit from your own wealth Does your current Will nominate executors beneficiaries by name If it does are these still alive or able to deal with your affairs when you die Have you had any new additions to your family who would perhaps not be provided for under your current will Perhaps more importantly does your estate now exceed the current Inheritance Tax Threshold and would you now like to perhaps look at ways of owning any property in a more tax efficient way and to possibly minimise any care costs you may face for your own future care If you are one of those who are still to make one or need to revise your existing one don t delay any longer Call us today and we would be pleased to discuss your wishes in more detail and arrange one for you Will Writing is not part of the Intrinsic offering and is offered in our own right Intrinsic Financial Services accept no responsibility for this aspect of our business We can arrange

    Original URL path: http://www.adviceoncare.co.uk/wills.html (2016-04-24)
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  • Pre-payment funeral plans | Advice on Care | Impartial Care Fees Consultant
    UK Should death occur whilst away from home in the UK the plan will also cover all of the costs and take care of the administrative burdens of your body being returned to your home Covers all standard costs of a cremation and most costs of a burial 1 Source Golden Charter and Mintel 2014 1 Specific additional costs such as organist or choir at crematory or wanting additional ceremonies at other places may require additional payment and in the case of wanting a burial the cost of a grave is not included although a specific monetary allowance is made towards a grave So ensure you complete any parents or relative s arrangements today While you are sensible looking at ways of capping the high cost of care doesn t it also make sense to cap the cost and discuss arrangements for any funeral Certainly many of our clients and their families have and now enjoy the comfort and reassurance of knowing that arrangements have been made Don t forget yourself Whilst arranging a pre payment funeral plan for perhaps a parent or relative don t forget yourself If you don t have sufficient life cover which will cover you until you die or any funeral plan the benefit of capping the cost of any arrangements you might like at today s prices makes even greater sense Don t let this happen to you or your parent Apply TODAY and CAP the cost No age limit and Guaranteed Acceptance It doesn t even matter if your parent or relative is already beyond effectively making known their preferences As their representative you can complete the application on their behalf and all correspondence will be sent to you So if would also like to cap the cost and plan ahead it couldn

    Original URL path: http://www.adviceoncare.co.uk/pre-payment-funeral-plans.html (2016-04-24)
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  • Professional Partnership Program | Advice on Care | Impartial Care Fees Consultant
    clients wanting them and their families to receive the very best advice Not only this but you will be able to concentrate on your core business safe in the knowledge that Your client will always remain just that your client You will be fully informed our all developments Your clients or residents will receive professional SOLLA accredited advice If you are Financial Adviser that you will receive a generous fee from any resulting business Referring Couldn t be simpler If you have got a case you would like to discuss today you can simply call us on 0800 970 4885 and we will explain how we can help OR If you would like to be able to refer any future cases to us or in the case of care home receive a supply of our very helpful guide to care fee funding plans then simply supply us with your details by and we will send you a simple introducers form for you to read complete and return and we will then set you up on our referral program when you will be ready to start submit any future enquiries Why Refer Long Term Care Enquiries to Us Being a well respected national firm of care fee specialists we are increasingly becoming the source of choice for many organizations who want their client to receive the very best care fees advice mainly because We have an experienced Society of Later Life SOLLA Accredited adviser We take full responsibility for the advice meaning it de risks your business and freeze up your time We offer a national service England and Wales For Financial Advisers only We pay a generous referral fee on any business which proceeds and can provide training on identifying opportunities For care homes We provide them with a supply

    Original URL path: http://www.adviceoncare.co.uk/introducer-area.html (2016-04-24)
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  • Contact | Advice on Care | Impartial Care Fees Consultant
    If on the otherhand you have a more general enquiry and would like to email us please complete the following general contact form Title Mr Mrs Miss Ms Mr Mrs Dr Prof Rev Other If other please state First Name Surname Email Phone Preferred contact time Preferred Contact Time AM PM EVE I am interested in I am Interested in Care Fee Funding Plans Equity Release POA s Pre Payment Funeral Plans Message Our Principal Keith Hargraves is a accredited adviser We hope this website has helped answer most of your questions but if you still have a query or would simply prefer to speak to a qualified consultant you can contact us by any of the following methods Correspondence address 73 Devonshire Gardens Tilehurst Reading Berks RG31 6FP 0800 970 4885 E mail enquiries adviceoncare co uk Fax 0118 919 5054 Or simply contact us using the form here enquiries adviceoncare co uk Contact us Advice on Care 73 Devonshire Gardens Tilehurst RG31 6FP Telephone 0118 958 5571 Email info adviceoncare co uk Accreditations Financial News Our Digital Magazine To receive every issue of our magazine by email simply register your name and email address in the form below

    Original URL path: http://www.adviceoncare.co.uk/contact.html (2016-04-24)
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