Later life planning

We can provide guidance to ensure that your finances will provide the care you need, while passing on a legacy to those you care about most.

Overcoming the challenge of funding care

Sadly, the cost of care is ever-increasing. In 2020, the average cost of a residential care home in the UK was £37,232 a year. This rose to over £51,896 a year when nursing care was included.*

Many people want the security of knowing they can afford suitable care when it will be needed. Others may be responsible for the care of loved ones and concerned about doing the right thing.

At Flying Colours, we have specialist financial advisers who hold the relevant qualifications to advise clients on later life issues. Of course, the needs of older people vary, and the solutions to these needs will be just as wide-ranging. Our expert advisers can help you to find the most appropriate solutions to help fund your care and that of your loved ones.

* Laing and Buisson Care of Older People Report 32nd Edition 2021

Our independent financial advisers have helped lots of people plan for later life, either for themselves or others. We can help you to:
Calculate the costs
We’ll calculate how much money will be needed for long-term care, and when it’s likely to be needed.
Fund long-term care
We’ll identify ways for you to pay for long-term care without making unnecessary sacrifices and find ways to help you pass on wealth.
Make provision
We’ll advise on options for putting money aside for your care, considering investment and protection options among other solutions.
Pass on wealth
With effective estate planning, we can help you pass on as much wealth as possible to your loved ones, without affecting your quality of life.
Navigate the system
Working with trusted partners, we can support you with understanding the care system, reviewing state benefits, and undertaking financial assessments.
Setting up Wills and POAs
Working with solicitors, we’ll help ensure trusted friends and family can make decisions on your behalf, and that your wealth is passed on as you wish.

Our team of advisers include members of the Society of Later Life Advisers (SOLLA). This organisation aims to help people and their families to find trusted, accredited financial advisers who understand financial needs in later life. It is also widely recognised as representing the highest standard of advice in the later life market.

Why choose us?

Our clients explain why they trust Flying Colours for financial advice, and why they’ve continued to work with us over the years.


It was a great comfort to have Arthur there when my husband died.


If you already have a clear idea of the type of financial advice you need, take a look at the range of solutions we offer.

Take me there
Planning for retirement
In retirement
Maximising your wealth
Protecting your family
Business owners


From tips on retirement and IHT planning to ideas on the best places to visit, our articles are well worth a read.

How to protect yourself from scams when booking a holiday online

Would the proposed “British ISA” benefit your financial plan?

5 questions to help you decide if you’re ready to retire