Equity release or a care annuity?

When care needs to be paid for, two very different routes come up. One is to release equity and draw on it to meet the bills as they fall due. The other is an immediate needs annuity, where a lump sum buys a guaranteed income towards care for the rest of the person's life. This is a high level, illustrative comparison only. Care funding is a specialist area, and a regulated care fees adviser should always be involved.

Care cost (£ per month)

Immediate needs annuity cost (£)

Equity you would release (£)

Equity release rate (% per year)

How many years care is expected to last