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Recently, care fees advisers have been advising their clients to invest their money into care annuity, which will provide them with long term care annuities and enable them to meet the nursing home expenses. Care annuity has an inflation clause, meaning that it will be increased 5 percent every year, so you don’t have to worry about inflation eating away your future and it is not taxable, if the payment is made directly to the nursing home. This means that if you have some other incomes, they will remain tax free. This makes the new service more and more popular with elderly citizens.
Care Annuity by .