Inheritance Tax Planning
Long Term Care
If you’re moving into a care home and have more than £23,250 in savings or assets (£23,750 in Wales and £25,250 in Scotland), you’ll usually have to pay all of the care home fees. This threshold includes your property unless your partner or another dependent still lives there.
“The Financial Conduct Authority does not regulate Taxation and Trust advice, certain aspects of Long Term Care & Mortgages/Equity Release.”
Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.