1 / 14

Protecting Care Provider Income

Protecting Care Provider Income. Mike Williams Colin Chamberlain and Chris West Chamberlain Stean & West Strawplait Barn Croft Lane Chipperfield Herts WD4 9DX

axelle
Download Presentation

Protecting Care Provider Income

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Protecting Care Provider Income Mike Williams Colin Chamberlain and Chris West Chamberlain Stean & West Strawplait Barn Croft Lane Chipperfield Herts WD4 9DX Chamberlain Stean & West Ltd is an appointed representative of Financial Limited which is authorised and regulated by the Financial Services Authority. FSA No. 466922.

  2. A familiar story......? Beryl widowed 85 years old £100,000 assets Income £15,000 Care provider fees £40,000 Self funding to meet shortfall

  3. How it Stacks Up Care Home Fees £40,000 Shortfall from Savings £25,000 Assets £100,000 Income £15,000

  4. How it Stacks Up Year 1 Care Home Fees £40,000 Shortfall from Savings £25,000 Assets £75,000 Income £15,000

  5. How it Stacks Up Year 2 Care Home Fees £40,000 Shortfall from Savings £25,000 Assets £50,000 Income £15,000

  6. How it Stacks Up Year 3 Care Home Fees £40,000 Shortfall from Savings £25,000 Income £15,000 Assets £25,000

  7. How it Stacks Up Year 4 Care Home Fees £40,000 Shortfall from Savings £25,000 Assets £0 Income £15,000 

  8. The Dilemma....

  9. To Stay, or Not To Stay

  10. Care Annuities • One-off cost • Guaranteed income for life • Paid directly to registered care provider • Based on individual circumstances • Immediate or deferred up to 5 years

  11. What’s In It For You? • Eliminates funding shortfall • No chasing unpaid invoices • Predictable cash flow • Peace of mind

  12. Best Practice

  13. A Message From Compliance This information is intended to provide a general appreciation of the topics and it is not advice. Guidance should be sought from us to advise on specific circumstances, before any action is taken.Will Writing and Lasting Power of Attorneys are not regulated by the Financial Services AuthorityChamberlain Stean & West Ltd is an appointed representative of Financial Limited which is authorised and regulated by the Financial Services Authority. FSA No. 466922. Chamberlain Stean & West Ltd is registered in England & Wales No. 6109794. Our registered office is at 4 Oakridge Park, Leighton Buzzard, LU7 4GB

  14. Thank you

More Related