JPB Financial Planning
Money adviceMacclesfield
Retirement, long-term care and estate planning advice
Checked by our team
Financial planners
Making the money lastRegulated by the Financial Conduct Authority
Overview
Care can cost a great deal over many years. A regulated financial adviser who specialises in later life can work out how to pay for it, how long the money will last, and how to protect a partner who stays at home.
A clear plan for fees
Know how care will be paid for, and for how long.
Protect a partner
Make sure the person who stays at home has enough to live on.
Regulated by the FCA
With access to the Financial Ombudsman Service if something goes wrong.
Who checks them
Financial Conduct Authority (FCA)
Financial advisers must be authorised by the FCA. Accreditation from the Society of Later Life Advisers (SOLLA) shows specialist care fees knowledge.
Check an adviser on the FCA register (opens in a new tab)When it may be time
- Someone is about to pay for their own care
- Savings are close to or above £23,250
- A home may need to be sold to pay for care
- A partner will stay at home and needs an income
- There are pensions, investments or property to organise
Types of financial planners
Care fees planning
A long-term plan for how fees will be paid and how long money will last.
Care fees annuity
A one-off payment buys an income for life, paid straight to the care provider and free of income tax.
Equity release
Releasing money from a home while still living in it. It is usually for life, reduces what is left in the home and can affect benefits, so only consider it with a regulated adviser, and with family involved.
Benefits check
Making sure entitlements such as and Pension Credit are claimed.
Pensions and investments
Organising income and investments to cover costs, with tax in mind.
Protecting a partner
Planning so the partner at home keeps a secure income.
Local financial planners
Each is labelled so you know how we know it. The founders’ company is shown first, then places our team has checked.
Paying for it
- Advisers must tell you how they charge before you agree to anything: a fixed fee, an hourly rate or a percentage.
- Advisers must also say whether they advise across the whole market or a restricted range.
- Many offer a free first meeting.
- Free guidance is available from MoneyHelper, and from Pension Wise for people aged 50 or over with a defined contribution pension.
Rules and figures are for England and change from year to year. Your navigator can check what applies to you.
Questions to ask
- Are you authorised by the FCA, and can I see your entry on the register?
- Are you SOLLA-accredited, or do you specialise in care fees advice?
- How do you charge, and what will the total cost be?
- Do you advise across the whole market?
- Will you work alongside the family’s solicitor?
- What happens to the plan if their needs change?
Things to watch out for
- Anyone who is not on the FCA register
- Pressure to buy a product at the first meeting
- Care fees advice from someone who does not specialise in it
- Moving money to avoid care fees: councils can treat this as deliberate deprivation
How your navigator helps
- Tell us what’s going onAnswer a few short questions. It takes about a minute, and nothing is shared until you choose.
- Get a free plan with local servicesWhat to do first, help you may be entitled to, and local services near you, each labelled so you know how we know it.
- A local navigator calls, if you needLeave your details and a navigator will call, usually within one working day, to help you act on the plan.
Common questions
Do we need an adviser if the council is paying?
Usually not. Advice is most useful when someone will pay for their own care, or when a house, pensions or a partner’s income are involved.
What is a care fees annuity?
A one-off payment to an insurer that pays an income for life directly to the care provider. It can cap the cost of care, and only a regulated adviser can recommend one.
How will the adviser be paid?
Ask before you start. They must tell you their charges in writing, and you should know the total cost before you agree to anything.
Related guides
Explore other areas
Home care
Support in the home they know
Visiting carers, live-in care and short-term help to recover, so someone can stay safely at home.
Care homes
When home is no longer the right place
Residential, nursing and dementia care homes, short respite stays, and how to compare them well.
Later-life lawyers
Legal decisions, in place in good time
Lasting powers of attorney, wills, deputyship and advice on care fees from specialist solicitors.