long term Care planning and inheritance tax specialists based in denmead and Portsmouth

your peace of mind is our priority


Woodlands offer independent financial advice, specialising in long term care funding and inheritance tax planning. Based in Denmead and Portsmouth.

We offer a no cost initial consultation so that you can understand your options.

Paul Murray is accredited by the Society of Later Life Advisers and specialises in financial planning for later life.


Woodlands Care Planning is a trading name of Paul Murray Investments Ltd


How can we help?


Care Planning

Currently there are over 433,000 people in residential care within the UK and with this figure set to increase to 750,000 by 2031 the issue of how to pay this Care needs to be addressed urgently. (1)

Now more than ever, what is needed is not simply a well-qualified financial adviser but somebody who specialises in the needs of later life.

The complexities of decisions you or your family may need to make requires careful and considered advice. 

Our aim is to start a conversation with you, to assess and understand you or your loved ones needs and circumstances, in order to tailor a solution that will assure peace of mind for all the family. 

(1) Source: Laing & Buisson Care of Elderly People Report 2014/2015

Inheritance Tax

Protecting your estate is about securing more of your wealth for your loved ones and planning for what will happen after your death, to make the lives of your loved ones much easier.

Help safeguard your family paying too much inheritance tax (IHT).

You’ve spent years building a better life for your family, but your assets could be at risk. Without a proper plan IHT could take up to 40% of your estate.

At Woodlands you’ll learn proven strategies to help minimise IHT and protect more of your estate for your beneficiaries.


Meet the team


Paul Murray

Financial Planner


Lisa Murray

Company Secretary

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Beverley mason



what our clients say about us


Types of care planning


Residential Care Home


Domiciliary Care


Extra Care Housing


Informal Care


Nursing Homes


Residential care home: Public or private homes that don’t provide health care. They provide personal care- washing, dressing, help at meal times and with using the lavatory.

Domiciliary care: Also called live-in care, it means that a carer will come to the person’s home to provide assistance with their daily needs.

Sheltered/Extra Care Housing: Gives older people the independence of having their own flat with the security of having an alarm system and a warden. It is possible to find sheltered housing to rent or to buy.

Informal care: The person is being cared for informally by a relative, friend or neighbour.

Nursing homes: Private institutions providing residential accommodation with health care, especially for elderly people. They are suitable for people with more complex needs and those who need regular nursing interventions.

To explore your options request a callback.


Financial Options for Care Planning



Equity release which includes Lifetime mortgages and home reversion plans lets you access the cash tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both 

Deferred Payment Agreement: This involves the local authority paying any care fees shortfall, the LA agrees to pay but will place a change against the property and this is subject to an individuals eligibility 

Renting the property: This could be done as a stand alone option or in conjunction with a deferred payment agreement so that it then contributes an income towards the overall cost of care. 

Cash and investments: Keep money in the bank and draw money to meet the surplus cost or invest in a well-diversified portfolio of Cash, property, Equities, Bonds and Commodities. 

Immediate care plans: In exchange for a single lump sum, Immediate care plans pay an agreed tax-free amount at regular intervals, directly to the care provider, for the rest of the person’s life.


Inheritance Tax Planning


Making a Will

By making a Will, you are detailing what you want to happen to your assets after you die.

“Studies suggest that between half and two thirds of the adult population do not have a Will and that those who need one most are the least likely to have made one.”(1) Are you one of them or does your will require updating?

 (1) Source Law Commission website.


Power of Attorney

The mental capacity act sets out a legal test to decide weather somebody lacks the mental capacity to make a particular decision or express their views. People who hold power of attorney must apply the principals around mental capacity when making decision on the other persons behalf


Utilising Exemptions

Moving ownership of assets to your spouse or registered civil partner may help reduce the IHT liability on your estate. However, don’t forget that this can cause an increased IHT liability when they die. There are also exemptions if you make a donation to a charity


Tax and Trust Planning

The right structures can protect assets and give your family lasting benefits. 

A trust can be used to reduce how much IHT your estate will have to pay on your death


Life Insurance

Taking out a life insurance policy written under an appropriate trust could be used towards paying any IHT liability



There are many different types of Investments that can be used to generate care funding income and tax efficient wrappers for Inheritance tax planning. These range from bonds to shares and include pension drawdown. However the products or funds that potentially generate the highest income are those with the highest risk attached to them and therefore have to be considered within our clients attitude to risk and capacity for loss.
*Your investment may fall as well as rise and you may not get back what you put in.


Making Gifts

If you can afford to make gifts during your lifetime, this will also reduce the value 
of your estate, and so your ultimate IHT liability.

Whether you want to provide for the next generation or leave a charitable legacy when you die, or you simply want to minimise an IHT bill, the sooner you start thinking about this the more you can do.

For more information on Will planning and
Lasting Power of Attorney please request a call

Contact Us


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We would be delighted to speak with you. Please fill out the form and we will call you, or alternatively call us.

Freephone: 0808 1643 688

Our Office

Closewood Road,