May 18, 2017
So, a person’s property would no longer be a disregarded asset if they need care in their own home? But everyone will be allowed to keep £100,000 of their wealth to pass onto their beneficiaries? https://www.theguardian.com/society/2017/may/17/theresa-may-conservative-tory-policy-older-people-pay-for-social-care. The devil will be in the detail for sure.
There is no mention that we can find of whether tariff income will still be charged when a person’s capital reaches this proposed new £100,000 limit and, if so, whether the lower capital limit will…
May 11, 2017
These are so important to us and for families thinking about taking advice from us. We are delighted to report that reviews on the Which? Trusted Traders website, as of today, rate us 4.8 out of 5.0 for customer service, 5.0 out of 5.0 for quality and 4.8 out of 5.0 for value. This ratings are from 57 independent reviews by clients that have used our service and all say they would recommend us.
October 21, 2016
Eldercare Solutions are proud to have won several prestigious award over the years but have never entered the LaingBuisson Awards before. This year we did so and are very excited to have been chosen as a finalist in the ‘Financial Advisor’ category alongside the likes of KPMG and Deloitte. The awards themselves take place on 29th November at the Park Plaza Westminster Bridge.
August 10, 2016
The Good Care Group’s dementia guide is a fantastic resource as it offers alternative coping methods and advice on how to make day-to-day tasks more pleasant for both people with dementia and their families. Click here to read it: Dementia Guide
June 28, 2016
We are delighted to announce that Eldercare Solutions Ltd has now been accepted onto the Which? Trusted Traders and Hertfordshire Trading Standards endorsement scheme.
Please look us up to see reviews and ratings from our satisfied clients
July 20, 2015
Those who are looking for the opportunity to cap the amount they have to spend on care costs do still have the option to buy a care fees payment plan (sometimes called a care annuity).
If affordable, this type of plan secures a guaranteed income for life and means that the balance of the estate is protected against future, ongoing care costs.
There are two versions of the plan – one that you buy with a lump sum, up front payment which starts paying an income straight away…
July 20, 2015
Plans to cap the cost of care at £72,000 have been shelved until 2020 after lobbying from cash-strapped local councils.
The Department for Health said in an announcement that it was still ‘committed to implementing the cap on care costs’ but the implementation date would move from 2016 to 2020.
The change in deadline has come after lobbying from the Local Government Association (LGA), which represents councils. The LGA is concerned that councils, which have been hit by budget cuts, will not be able to afford to…
February 28, 2015
See what people think about the service and advice they received from Eldercare Solutions by visiting the Trading Standards Buy with Confidence website.
November 11, 2014
While the introduction of the £72,000 limit on care spending has been widely anticipated, Partnership has warned that many consumers may need to spend the equivalent of the value of their home before they reach it.
The typical English homeowner would need to spend £177,500 on social care costs over more than six years before they hit the cap, according to Partnership, which calculated this is equivalent to 92 per cent of their housing equity (£193,426).
Under the new system, while a person in England may spend…
June 11, 2014
The planned cap on the cost of residential care will help only a small minority of elderly men and women according to a report recently issued by the Institute and Faculty of Actuaries.
The report suggests that just 8% of men and 15% of women entering care aged 85 are expected to reach the £72,000 cap that is due to be introduced in 2016.
Under the proposals, a person’s care home fees will effectively be split into 3 parts – a daily living cost, a Local Authority…