Property has overtaken the State, pensions and savings to become the most likely means of funding long-term care, according to research.
Partnership's second Care Index found two-fifths (40%) of respondents would sell their property to fund long-term residential care. A further 9% would rent their property to receive on-going income. Other responses included pension income (35%), savings (29%) and income from savings and investments (22%.) Previous research from 2012 had found the highest percentage of respondents (52%) thought the state would pay for some or all of their care followed by pension income (45%), savings (35%) and the sale of their home (31%). Chris Horlick, managing director of care at Partnership [pi...
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