Long Term Care: Choosing the right IHT plan

Until recently, most people who were looking to manage their investments after retirement were looking mainly at inheritance tax (IHT) planning. Now many worry about their ability to fund decent residential care, should they need it. The average cost of care is now about £26,000 per year, but for a high-quality home in the south east, the costs can be close to £50,000 per year. According to Partnership, there are about 10,000 people aged over 100 in the UK and the average length of stay in a care home in England is estimated to be about 2.5 years. But most self-funders live on average...