Avoiding Care Home Fees Uk

However there are things you can do to avoid paying care home fees.

Avoiding care home fees uk. The amount you will need to spend on care costs depends on. With the average cost of a nursing home in the uk is 738 per week 40 000 per year can be very difficult to find. Less than 15 per cent of people aged 85 and over live in residential care and of those who do the average length of stay is 2 3 years in a residential care home and 1 4 years in a nursing home. How much can you keep before paying for care and how to avoid selling your house to pay for care.

It could be tempting to give away or sell your house to relatives to avoid the fees to avoid paying the full cost of care. For example the uk inflation rate hovered around 2 at the end of 2018 19 but care home fees increased at more than double that rate 4 7 in that year. Nursing uk fees are even more expensive averaging at 47 320 per year. Care home fees have been rising at above inflationary rates in recent years.

Beware of taking drastic action to avoid the cost of care. Avoiding care home fees in 2020. What are the average care home fees in the uk. The rising cost of care homes.

In the east midlands the average annual cost is currently 30 056 for a residential care home and 37 700 for a nursing care home. What s more in 2018 19 care home fees rose by the biggest annual hike in 10 years. It can be a shock to many people when they find out they may have to pay over 100 000 for their care home costs.