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The average weekly cost of private residential care varies by more than £800 across Britain - news article image

The average weekly cost of private residential care varies by more than £800 across Britain

27 Jan 2021

2 minute read

The highest average weekly private cost was found in Islington in London, at £1,488, while the lowest was found in Blaenau Gwent in Wales, at £621. 

The cost difference between the most and least expensive places adds up to around £45,000 a year, according to the findings published by Legal & General Retail Retirement, which commissioned market researchers LaingBuisson to provide the data. 

The complexities and price differentials of later life care have led Legal & General to launch a “care concierge” service to help people understand, find and fund later life care, Care Concierge is believed to be a first of its kind service to help people: understand their funding options, find later life care options, help more effectively plan for the cost of long-term care and find the right care as quickly as possible (in as little as 24 hours if needed). This includes an initial consultation by phone free of charge and an online advice hub.

Tim Davison, Chartered Financial Planner for Shaw Gibbs is one of the approved panel of experts for the Care Concierge service. Tim, who is a fully independent Society of Later Life Advice (SOLLA) Accredited Adviser will provide referred callers with independent financial advice if appropriate.

Tim comments “Later life care is a complex and emotive area and often one which is pushed to the back of the mind meaning people are often unprepared when the time comes. I am confident that our later life offering will complement the advice offered by health and social care professionals behind the Legal & General Care Concierge Service and I am honoured to be involved with this new and innovative initiative ” 

Once you have been guided by the care professionals to tailor a bespoke care package for you; if you are a self-funder then I will be on hand to offer independent financial planning advice to help you decide how best to make the financial provision for the costs involved.

The average weekly cost of private residential care varies by more than £800 across Britain - news article image

Author:

Gemma Lanning

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