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Making room for an income allowance

When saving for your retirement it's not just the elderly care fees that you have to worry about.

Care homes can be expensive but most people will need an income allowance as well to pay for things that the home doesn't provide.

This is an important consideration when putting aside money for your old age or thinking about the care of an elderly relative.

Now that people in the developed world are living longer, saving retirement is becoming a major issue for everyone to consider.

Despite publicity from the government and industry, the most recent data suggests that Britons still aren't saving enough for their old age.


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