Paying for care: independent financial advice
Learn when you may need independent financial advice, where to get it and what support is available when paying for care.
When to get independent financial advice
You may need advice from someone independent of the council to help you understand your options and make decisions about paying for care.
This is important if:
- there are several options and the council cannot recommend one over another
- there may be a conflict between your interests and the council’s
- you are about to enter a legal agreement, such as a deferred payment, and the council cannot advise you
- you want advice on financial products to help you manage your money or assets
Sources of independent financial advice
Organisations and websites
You can get independent financial advice from:
- Notts Help Yourself- lists advisers and organisations offering financial advice
Other organisations you may find helpful:
- Money Advice Service
- Citizens Advice Bureau
- The Society of Later Life Advisors
- Which? Later Life Care
Independent financial advisers (IFAs)
Independent financial advisers (IFAs) can recommend financial products and give advice on managing your money. They usually charge a fee for their services.
The council does not check IFAs and cannot recommend a specific adviser. We are not responsible for the advice or services they provide.
Extra support
If you do not have family or friends to help, or if understanding financial advice is difficult, we may be able to arrange a free advocate to support you.
An advocate can help you:
- understand the advice you are given
- ask questions on your behalf
- make sure your views and wishes are heard
