Later Life Planning
The good news is that may of us are living longer, as a result of enhancements in medical care and healthier lifestyles. This does introduce financial implications which must be considered, to fund possible care fees needed for living longer, without eroding all the assets you’ve built over a lifetime.
Look forward to later years
The cost of residential care, should it be required, is one consideration when planning for later life. A recent report by Laing and Buisson advised the average residential care costs have reached £54,184 per year*. This figure increases if nursing care is also required. *Laing & Buisson Care of Older People UK report, 2025.
It’s not surprising these care fees can quickly reduce what you may have planned to leave to your loved ones.
By discussing your later life planning needs, we can help you plan your exposure to IHT, safely providing monetary gifts for your family, while also enabling you to secure an income to cover any long-term care costs required. We want you to look forward to your later years, with security and confidence.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.
Committed to your objectives
At Cooper Associates Wealth Management we have helped thousands of people like you, providing the right advice and implementing a careful estate planning strategy. With later life planning, it may be possible to fund care for as long as it’s needed, while safeguarding as much of your wealth as possible. There are many options, such as care fee plans, to help.
We have financial consultants who are accredited by the society of later life advisers (SOLLA) who are experienced in delivering long term care advice, delivering bespoke planning solutions to families.
We offer a service that is personal to you, delivering bespoke advice. Please contact us to discuss the options available.
Book an appointment
Our expert advice is no-obligation, simple and tailored to you. Why not book an appointment?
Cooper Associates Wealth Management have always put my best interests first by giving advice which is second to none. I would recommend their services to anyone as their knowledge, service and support is exceptional.
Jos Buttler – England Cricketer and Cooper Associates Group brand ambassador
Our Locations
Taunton (Head Office)
T. 01823 273 88040 St. James Buildings,
St. James Street,
Taunton, Somerset TA1 1JR
Exeter
T. 01392 345 544Regus Business Centre,
3rd Floor, The Senate,
Southernhay Gardens,
Exeter EX1 1UG
Plymouth
T. 01752 746 8484th Floor, Salt Quay House,
6 North East Quay,
Sutton Harbour,
Plymouth PL4 0HP