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Shortfall Calculator

Shortfall Calculator

If you have to pay your own care fees you must act quickly to retain financial independence and peace of mind. One of the first steps in protecting your assets is to find out whether the care provider you prefer is affordable. In most cases normal income is not sufficient to pay care fees and so savings are required to plug the gap. If there is a shortfall in income you can use your capital wisely, potentially benefitting from guaranteed tax free income for the rest of your life with an Immediate Care Plan.

This Shortfall Calculator will help you see if there is a shortfall between your income and the cost of care. It is simple to use and will highlight your personal shortfall figure. Once you have established your shortfall figure give our Free Advice Line a call on 0800 6528232 and speak to one of our Independent Care Fees Specialists to see whether an Immediate Care Plan could solve your care funding problem.

Income

  1. 1. Are you claiming Attendance Allowance?
    If so, how much is it monthly ?
    £
  2. 2. Are you in receipt of a private pension?
    If so, how much do you receive monthly?
    £
  3. 3. Are you in receipt of State Pension/Pension Credit?
    If so, how much do you receive monthly?
    £
  4. 4. Are you eligible for Registered Nursing Care Contribution? (offically called RNCC)
    If so, how much do you receive monthly?
    £
  5. 5. Do you receive 'Free Personal Allowance' (Scotland only)?
    If so, how much do you receive monthly?
    £
  6. 6. Do you have any other forms of income (excluding investment income)?
    If so, how much do you receive monthly?
    £

Outgoings

  1. 1. How much are the monthly care fees?
    £
  2. 2. Do you have any other outgoings? (ie incidental expenses)?
    If so, how much is paid out weekly? monthly?
    £

Personal Details

Gender: Female Male