Old age renters the cost of care if you don't own your home

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OLD AGE RENTERS

THE COST OF CARE IF YOU DON’T OWN YOUR HOME

1 in 4 people over 75 do not own their own home. Thousands of older people won’t be able to afford the care they might need in later life.

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84% the care or support they may need in later life. of renters do not feel financially prepared for

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WHAT YOU NEED TO KNOW

If you don’t own your home, you will typically have your ccare are home fees paid by your llocal ocal authority

Where your local authority’s funding for care costs falls short, your family will be asked to top it up

WE CAN’T AFFORD NOT TO CARE

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Care homes can cost on average £34,000 per year.

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Not all local authorities will have funding to pay for your care in full.

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Your family members could be asked to top up your care costs by anything from £6,000 to £18,000 per year.

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OUR POPULATION IS AGEING AND HOME OWNERSHIP IS GOING DOWN. WE ARE HEADING FOR A CRISIS.

Top-up fees are an ongoing commitment and will immediately impact on you financially

Budget cuts mean your local authority will offer fewer choices about… When you receive care - despite high level needs, like dementia, care can be delayed.

Where you receive care - care home places are limited, and older people could be placed miles away from family.

of renters say they would not be able to afford to contribute towards the cost of a close family relative's care, even though more than half would be willing to

We need a care system built on fairness, inclusion and choice. The Salvation Army has years of experience working with older people and are committed to making sure their lives are filled with positive memories, upheld by dignity and respect no matter what their circumstance or who they are. * Survey of adults over 50 who don’t own their own home

www.salvationarmy.org.uk/old-age-renters