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What does it cost to live in a retirement village or a retirement home?

There are many different types of retirement villagesand retirement homes and the financial implications of your choice can be complex. It is important you have sought the advice of a solicitor, lawyer or financial advisor and you fully understand the costs of entry, residency, exit and who pays what bills.
  • There is usually an initial entry price, recurring service charges and a departure charge when you leave
  • There are a great many departure fee structures so it’s vital that the structure you are considering is explained to you
  • Ask the village you are considering for comprehensive information about its fees and charges then seek professional advice
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