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After the Social Services assessment of needs and finances comes the point when you or someone close to you needing care find out what is available and what has to be paid for. You will naturally want the best care that is available and you will also want

There may be more funding options available than you realise as people want different things and this is where good financial planning now may avoid distressing decisions in the future. Most people want to ensure they can meet their care fees for their lifetime and preserve assets for their family. There are no winners if the finance is allowed to run out and with local authority budgets under increasing pressure a move to a cheaper care home may be inevitable.

This is where using a specialist independent financial advice service for those funding care and their families can pay dividends as they will look at the whole picture, ensure that you are receiving all your benefit entitlements, look at the available income and assets and advise you on the different ways open to you to fund the care that you or someone close to you requires.

Impartial advice is very important and all of the advisers listed below have the necessary qualifications to practise in this area, plus they have a great depth of knowledge about the care system built up during their many years in advising on care.

Society of Later Life Advisers (SOLLA)

The Society of Later Life Advisers(SOLLA) was founded in 2008 as a not for profit organisation, to meet the need of consumers, advisers and those who provide financial products and services to the later life market.

SOLLA aims to assist consumers and their families in finding trusted accredited financial advisers who understand financial needs in later life.

Now more than ever, what is needed is not simply a well qualified financial adviser but somebody who you feel you can rely upon to understand the plans you need to make for your retirement years.

The complexities of the many decisions you or your family may need to face when looking at issues such as care funding matters or whether equity release is the right thing for you, will need careful and considered advice.

All SOLLA members must adhere to a Code of Practice:

You can find out more the work that SOLLA does and use their "find an adviser" service if you follow this link

Central Financial Planning

If you need advice on care and live in the Midlands area visit Central Financial Planning. They are a small bespoke financial planning boutique and do not want to be a large company as they want to provide an individual personal service to their clients. They do have however knowledge, qualifications and experience far beyond most national companies and access to specialist back up where required.

Samantha Barrett - Director - Central, East and West Midlands

Email: or Tel: 0845 006 6204

If you are concerned about your own long term care costs or those of a parent or relative then you need our help.

Samantha Barrett as well as being a Chartered and Certified Financial Planner has specific qualifications in Care Fees Planning and is a member of Symponia the specialist group for this type of advice.

If you would like further information please contact Samantha from Central Financial Planning who will provide you with a free initial care planning consultation.

Sam Barrett, Central Financial Planning