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Attendance Allowance

by Sam Auchterlonie | Oct 27, 2020 | Financing care, Planning ahead, Understanding care

Attendance Allowance is a tax-free payment available to older people living with a long-term illness or disability, designed to help with the costs of washing, eating or dressing. Criteria for receiving Attendance Allowance In order to be eligible for Attendance...

Personal Expenses Allowance

by Sam Auchterlonie | Oct 27, 2020 | Financing care, Planning ahead, Understanding care

Personal Expenses Allowance (PEA) is a weekly amount of money that people receiving local authority-arranged care in a care home get for their personal needs. It’s a way to protect all of a person’s money from being taken into account when paying care home fees,...

Home Reversion Plan

by Sam Auchterlonie | Oct 27, 2020 | Financing care, Planning ahead, Understanding care

Please note: this article was not written by a financial or legal specialist, and does not cover every circumstance. Please consult a specialist before making any financial or legal decisions.  There are two kinds of equity release in the UK: lifetime mortgage and...

Lifetime mortgage for care

by Sam Auchterlonie | Oct 27, 2020 | Financing care, Planning ahead, Understanding care

Please note: this article was not written by a financial or legal specialist, and does not cover every circumstance. Please consult a specialist before making any financial or legal decisions.  There are two kinds of equity release in the UK: lifetime mortgage and...

Deferred annuity

by Sam Auchterlonie | Oct 20, 2020 | Financing care, Planning ahead, Understanding care

Please note: this article was not written by a financial or legal specialist, and does not cover every circumstance. Please consult a specialist before making any financial or legal decisions.  A deferred annuity means that you pay a one-off lump sum and the annuity...
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