When people talk about ‘later life’ planning, they often think it is all about death and Inheritance Tax but there is a lot more to consider in terms of actually living later in life and having the right plan and protections in place to live as well as possible.

Clearly, making sure you have a will in place and measures to minimise Inheritance Tax liability for your loved ones is very important but it is equally important to look after yourself should you require long term care or are prevented from working for any significant length of time due to illness.

What you will require to have in place ready for later life will, obviously, depend on your individual circumstances, your aspirations for your retirement and what you already have in place.  Most people have life assurance to help protect their family from financial hardship when they pass away but some people may find it reassuring to have critical illness cover too.  Protecting their wealth for future generations may be important to some people while others may simply want to ensure their wishes are carried out after they pass away.  Having some provision for long term care is also a major concern for most people as the costs of such care are so high at the moment.

Our team can advise you on the most appropriate insurance policies, solutions to pay for long term care fees, ways to protect your wealth long term and how to write your will to give you the best chance of having your wishes carried out that suit your situation and preferences.  We talk you through all your options, taking your savings, investments, income, etc. into consideration to help minimise tax liability for both you and your loved ones and generally make things as easy as possible in the difficult time when you should either require long term care or pass away.

Risk Warning: The plan will have no cash in value at any time, and will cease at the end of the term. If premiums are not maintained, then cover will lapse & Inheritance Tax Planning advice is not regulated by the Financial Conduct Authority

Protection and Later Life Services

Interested in finding out more?

Call 01323 891234 to speak to an adviser