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accountants & business advisers

Later Life Financial Planning

Later Life Financial Planning

We work with our clients in later life to balance their needs and make the right decisions for themselves and their families.

We aim to provide valuable and interesting content, useful checklists to help you with decisions and links to specialist services, both locally and nationwide, to help you through your golden years.

Navigating through many important decisions

Core services

Investment and risk
Insuring the cost of care fees
Inheritance Tax (IHT) planning

  • Investment and risk

    When planning an investment strategy, a client’s objective is of utmost importance in the advice we give.

    Care fees planning is a very good case in point – in this scenario many will be eating into the value of their capital at a significant rate and making their capital last as long as possible will be the key goal.

    This is a rather different goal from someone just setting out in life and saving for retirement, and the investment approach needs to reflect that.

    At Shaw Gibbs Financial Planning, we have lots of experience helping people in this scenario and are well equipped to steer you through the pitfalls.

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    This is a rather different goal from someone just setting out in life and saving for retirement, and the investment approach needs to reflect that.

    At Shaw Gibbs Financial Planning, we have lots of experience helping people in this scenario and are well equipped to steer you through the pitfalls.

    Book a Meeting

  • Insuring the cost of care fees

    For many people, when considering the costs of care, there is a very real prospect that their money could run out completely if they live a long life.

    When capital drops below a certain level the Local Authority will conduct a means test and will normally pick up some, or all of, the cost of care – however, the amount they will pay will be capped, and the choice of care homes will be limited as a consequence.

    If you were able to pay for a top-quality care home while you had savings, you face the very real prospect of being downgraded to a care home within the local authority budget for your final years.

    There is a way of trying to avoid this uncomfortable prospect by insuring the cost of your care fees – to ensure that no matter how long you live you should never run out of money. This is sometimes called a care fees annuity and we can help you decide if this is an appropriate course of action for you.

    See our video on funding long-term care for more info https://www.youtube.com/watch?v=PFNlUm9RoXw

    Book a Meeting

    If you were able to pay for a top-quality care home while you had savings, you face the very real prospect of being downgraded to a care home within the local authority budget for your final years.

    There is a way of trying to avoid this uncomfortable prospect by insuring the cost of your care fees – to ensure that no matter how long you live you should never run out of money. This is sometimes called a care fees annuity and we can help you decide if this is an appropriate course of action for you.

    See our video on funding long-term care for more info https://www.youtube.com/watch?v=PFNlUm9RoXw

    Book a Meeting

  • Inheritance Tax (IHT) planning

    We specialise in care fees planning and inheritance tax planning. These services cover one of the biggest dilemmas facing the elderly: how to plan their affairs to be inheritance tax efficient, while retaining enough capital to cover their care fees should the need arise.

    This requires a delicate balance of different techniques. The Shaw Gibbs Financial Planning and Personal Tax teams are perfectly placed to guide you through your options, providing joined up planning when it is needed most.

    Book a Meeting

    This requires a delicate balance of different techniques. The Shaw Gibbs Financial Planning and Personal Tax teams are perfectly placed to guide you through your options, providing joined up planning when it is needed most.

    Book a Meeting

Your Later Life Financial Planning Team

    Downloads & Resources

    If you are looking to find out more about a specific area of Later Life Financial Planning, please use the resources below

    Checklist for self-funders

    Checklist for self-funders

    Is your home your main asset?

    Is your home your main asset?

    10 common questions about care fees

    10 common questions about care fees

    State Benefits and Care Funding Guide

    State Benefits and Care Funding Guide

    How can I make life easier for my family after I’m gone?

    How can I make life easier for my family after I’m gone?

    If I lose capacity, will I be financially paralysed?

    If I lose capacity, will I be financially paralysed?

    Directory of later life connections

    Directory of later life connections

    Related services

    Other clients who use us for Later Life Financial Planning are interested in

    Financial Planning

    Property

    Personal Tax

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    info@shawgibbs.com

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