Most people hope for a long and happy life, and by planning ahead, we’ll help you make sure that future living and healthcare costs can be met.
Today’s longer lifespans are a result of improved medical care, healthier diets and more active lifestyles – all of which means that, on average, old age can last longer than for previous generations.
There are many benefits to this longevity, but increased life expectancy also brings with it a variety of financial implications. At the most basic level, our money simply needs to last longer, but if we require more intensive care, the costs can increase dramatically.
According to recent figures, the average weekly cost of a residential care home in the UK is £949, increasing to £1,267 if you need nursing care. With the average stay at about three years, costs can be huge.1
Planning ahead to meet your financial needs across the whole of your life is therefore important, and we can help you take this step. With long-term care planning also available, we can help put your mind at rest, although the cost of care and the level of support you may need in later life can be difficult to predict and may change over time.
We offer access to the St. James’s Place later life planning scheme – a comprehensive service that encompasses inheritance tax planning and securing an income to help cover long-term care costs. The effectiveness of any planning will depend on your individual circumstances, and tax rules and allowances may change in the future. From looking after your estate to safeguarding against future events, we’ll guide you through all the planning and protection you might need.
Long Term Care Planning may involve a referral to Karehero, a comparison and care matching provider, whose services are separate and distinct to those offered by St. James’s Place.
1 Laing and Buisson Care Homes for Older People, 35th edition, 2025