finance
Tax benefits for older people
Do my ageing parents still have to pay tax? What benefits and schemes are there to help them? When you’re helping relatives and friends to manage their finances as they get older, there are several questions you may want to clear up regarding their finances. Tax professionals Tax Rebate Services offer the following pointers. Attendance […]
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Tips on safely managing money for the less mobile
Handing over a bank card to someone else is a breach of Ts&Cs. So how can those with limited mobility withdraw cash and manage money? Helen Doyle, Head of Policy & Research at the Payments Council, offers some advice. Managing finances can be tricky at the best of times, but imagine finding yourself unable to […]
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How to help your parent find the right buildings and contents insurance
Ashley Shepherd, Managing Director of Over50choices, helps us take a look at the factors your parents should consider when choosing home insurance, providing helpful guides on how to find the right policy to suit their needs. They say your home is your castle, which is probably true when you consider the amount of money we […]
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Saving money on your parents’ energy bills
This article has been updated in January 2019. Schemes and prices change all the time. For up-to-date information, it is worth visiting the Money Saving Expert’s website. We’ve searched far and wide to find some useful information that may save your parents a bit of money on their energy bills. Whether you or your […]
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Care fees funding and deprivation of assets: the rules
Member of Solicitors for the Elderly and Associate with Clarke Willmott LLP Heledd Wyn shares how to protect your parent from the possible pitfalls of a Local Authority investigation and what to do to ensure their financial actions aren’t deemed to be deprivation of assets. If your parent is thinking about making a gift to […]
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Should you be paying care home top-up fees?
Written by Kathy Lawrence If a care home resident is funded by their local authority, then families are allowed to contribute top-up fees to give them more choice in where they live. There are growing claims that local authorities are demanding top-up fees to cover part of the basic care for which the authority is […]
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What is NHS Continuing Healthcare?
Written by Rebecca Lenton As our parent’s get older their healthcare needs can change considerably. With complicated health conditions comes lengthy NHS and local authority assessments that can leave both you and your parent in a state of confusion. It can be difficult to understand how these processes can be of benefit to your parent […]
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How to apply for Attendance Allowance – what you need to know – Part 1
Written by Sandra Bullen It’s easy enough to say you can apply for this or that to help support your parents, but just how difficult is the practice? When They Get Older co-founder Sandra and her husband have begun the process of applying for Attendance Allowance for her mother-in-law. She’s keeping a journal of the […]
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How to fund care home fees through investment
Andrew Dixson-Smith, Business Development Director of care fees specialists Eldercare Group, shares his advice for managing your parents’ finances to pay for their care bills. The process of finding suitable care for a parent can be an extremely daunting prospect. Quite often, this process has to be undertaken at a time of crisis for the […]
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Whose house is it anyway? A question of home ownership
The When They Get Older team recently read an article in the Telegraph highlighting how home ownership transferrals can be a bit tricky to organise in terms of tax and care planning. Local councils have employed inspectors to investigate elderly who sign their homes over to their children. These inspectors have the power to reverse […]
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