The Fair Deal Scheme: Practical Guidelines for You

Small Business Owners

Common Issues > Small Business Owners

The Issue...

Julia, a divorcee aged 66 and her son Sean own a small department store.

Julia has diabetes and may need nursing home care in the future.    She would like to plan ahead and organise her finances to best advantage in case her health deteriorates.

The Challenge...

Julia has two options:

  1. Calculate how much she will have to pay under the Fair Deal Scheme (80% of income and 7.5% of assets annually)
  2. Pay the nursing home fees directly and claim tax back from Revenue (currently 20%)

 

 

 

The Solution...

If you are a business owner concerned about significant nursing home costs, take action now.

Call Emer Lavin today to discuss how best to proceed to minimize your potential financial liabilities in respect of the Fair Deal Scheme.

Disclaimer: In order to maintain the anonymity of past clients, Emer has changed identifiable characteristics and details (e.g. names, occupations, places of residence etc.) from their stories above.

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