Affording care in later life

Aviva’s latest Real Retirement Survey Report shows that 70% of over-55s do not believe they should pay for care and the majority (81%) are either worried, concerned or terrified about meeting care costs if they are not provided by the state.

Currently, the state offers no help with care costs to individuals with assets in excess of £23,250. Many pensioners end up being forced to sell their homes in order to pay for extra support.