An introduction to deprivation of assets
Deprivation of assets is the act of intentionally reducing personal wealth to avoid paying for care costs. This arises most often when a person is starting to think about residential…
Have you considered planning for your retirement yet? If you haven’t already, you should consider paying in to a private pension. Have a sit down and consider how much money you would need to live comfortably. There is also the consideration of what the pension age might be when you do come to require as this has increased in recent times. It might be worth considering if there is another income source you could secure before retirement creeps up.
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