01322553945 contactus@absl-accounts.co.uk

Mid-life workers face care conundrum

21st October 2019

Around one in five over-45s plan to leave full-time employment to care for an older relative or partner, a report has claimed.

Aviva polled 2,020 employees over the age of 45 and found that 19% faced a care conundrum, with many concerned about covering care costs.

The report said that women (20%) were slightly more likely than men (17%) to walk away from work to care for a loved one.

Lindsey Rix, managing director at Aviva, said:

"The financial and emotional costs of caring for relatives are forcing many people to make increasingly difficult decisions about balancing their commitments.

"Mid-life is the fastest growing age demographic in the UK workforce, so we can expect these pressures to grow."

Over-45s who provide at least 35 hours a week can claim the carers' allowance, worth £66.15 a week.

However, a carer loses their entitlement to this allowance if they earn more than £123 a week on top of receiving this government support.

The carers' allowance is thought to be in line for reform ahead of Budget 2019, following criticism from a Department for Work and Pensions select committee.

Speak to us about the carers' allowance.

  sage