+44 (0) 1803 659659
+44 (0) 1803 659659
2 The Old Bank Chambers, Fore St, Torquay TQ1 4PR

Thanks to better medical care and healthier lifestyle choices, people now have the potential to live a lot longer. That’s the good news.

However, a longer life often means longer financial commitments. 

As a result, it’s increasingly likely that more and more people will end up using some or even all of their inheritable assets to support themselves in their old age.

For example, the average cost of staying in a residential care home in the UK is around £32,344 a year. This rises to £44,512 if nursing care is also required. With an average stay of about 3 years, the costs soon become substantial.*

How you can plan for this

Although a longer life may mean longer financial commitments, it also means you have

  • longer to plan
  • longer to make adjustments
  • longer to invest 
  • longer to take advantage of opportunities to limit your exposure to wealth reducing events 

Some of life’s most important decisions about your future can still be made right now.

Our Later Life Planning Scheme has been designed specifically to complement your needs in later life. 

It focuses on protection and peace of mind for you and your family. It addresses things like:

  • Inheritance Tax (IHT) planning - to limit your exposure now and in the future
  • Income Planning - to ensure you have a pre-set income for life to safeguard against any potential future care costs
  • Gifting - to ensure you and your heirs benefit safely from Inheritance Tax exempt gifting opportunities
  • Trusts ** - to explore whether you could legally benefit from the use of trusts
  • Control - keeping control of your money in the face of the unexpected 

We’re committed to helping people meet their financial needs throughout their lifetime. However long that might be.

Contact us today to learn how we can help you secure your future in later life.

The value of an investment may fall as well as rise. You may get back less than the amount invested. If the "income" taken exceeds the growth on the Plan, the capital will be eroded.

* Source: Laing & Buisson Report 2017/18

** Trusts are not regulated by the Financial Conduct Authority