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.

Timestamps
10:25 – Why cash‑savings matter for the asset test
11:40 – Introduction to the Nursing Home Loan
13:00 – How the loan defers the 7.5 % asset charge
14:35 – Example: asset contribution > cost of care
16:20 – Using the loan to drop weekly payment below Fair Deal rate
18:00 – Equity‑release life loans – why they complicate things
20:15 – “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

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📞Need personalized help? Call 086 601 5042 or email advice@fairdealadvice.ie.

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