Ep 32: Fair Deal In Practice: Capacity, Paperwork & What Happens in a Crisis

This is the second, of a three part episode with Tom Murray from Fair Deal Advice. Tom dives into the Nursing Home Loan – the HSE’s tool for deferring the 7.5 %/3.75 % asset charge – and explains when and how it can turn a seemingly unaffordable Fair Deal contribution into a manageable weekly payment.Key points covered:Takeaway – If you’re near the asset‑contribution threshold, applying for the Nursing Home Loan can make the Fair Deal scheme viable and protect your estate.Timestamps10:25 – Why cash‑savings matter for the asset test11:40 – Introduction to the Nursing Home Loan13:00 – How the loan defers the 7.5 % asset charge14:35 – Example: asset contribution > cost of care16:20 – Using the loan to drop weekly payment below Fair Deal rate18:00 – Equity‑release life loans – why they complicate things20:15 – “You can use the loan for that purpose as well and save quite a bit of money.”Helpful links🔗Tom’s fair‑deal advisory service – www.fairdealadvice.ie👍 Like this video if you found it useful.🔔 Subscribe for more financial‑well‑being content.💬 Comment with your biggest question about the Fair Dealscheme or equity‑release.📞Need personalized help? Call 086 601 5042 or email [email protected].#NursingHomeLoan #equityrelease #lifeloan #FairDeal #retirementplanning #financialliteracy#financialwellbeing #mastermybalance