Nursing home costs could leave a £200k hole in your pension

More than half of those aged 80 and over need some form of social care, research suggests. Will your pension stretch to nursing home costs?

Nurse visiting seniors sitting in the garden of a nursing home.
(Image credit: Iparraguirre Recio via Getty Images)

At some point in our lives, almost all of us will be impacted by care or nursing home costs – whether that’s the costs associated with paying for our own care or that of a loved one.

It is a bitter pill to swallow. Growing old and becoming more dependent on the help of others is challenging enough in its own right, but it is made more difficult by the extortionate price tag associated with care.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.