Managing money at the end of life
As you near the end of your life, you or your family may have concerns about your finances. Financial help is available. You can sometimes access it at short notice.
As you near the end of your life, you or your family may have concerns about:
- additional costs
- managing your finances.
Financial help is available. You can sometimes access it at short notice.
It is likely that you will be able to get benefits in the last months of your life to help with your care. You may also be able to get free prescriptions. Some charities and other organisations provide grants to help with costs.
Most people who need care towards the end of their lives qualify for disability benefits. These include:
- Personal Independence Payment (PIP)
- Attendance Allowance (AA), if they are at or above State Pension age.
These benefits are not means-tested. This means the amount of money you have does not affect whether you can get the benefit.
You can apply for these benefits using a fast-track process if:
- you are terminally ill
- your doctor thinks you may reasonably be expected to live for less than 6 months. This does not have to be certain and it does not matter if you live longer.
This process is called special rules. Your claim will be dealt with quickly and you will automatically be paid the higher rate. Special rules claims for AA and PIP apply for up to 3 years.
Under special rules, you can also apply for:
- Employment and Support Allowance, if you are unable to work because you are ill
- Universal Credit, if you are out of work or on a low income.
You will need to explain that you are claiming under special rules when you claim the benefit.
Your cancer doctor or specialist nurse will also need to fill out a form called a DS1500 and send it to:
- the Department of Work and Pensions in England, Scotland or Wales
- the Department for Communities in Northern Ireland.
You should get your payment within 2 weeks of sending the DS1500.
You can also call the Macmillan Support Line on 0808 808 00 00 to speak to one of our welfare rights advisers. They can give you advice about claiming benefits and help you fill in claim forms. Depending on where you live, you may be able to visit a local Macmillan welfare adviser.
You can also get more information and apply for certain benefits by visiting:
You may be able to claim grants from many places.
Macmillan Grants are small payments to help people with the extra costs that cancer can cause. They are usually a one-off payment. They are for people who have a low level of income and savings.
You apply through a health or social care professional. They fill in a grant application form with you online and submit it to the Macmillan Grants team. The Macmillan Grants team will then process your application and we will be in touch if we need any more information from you.
As well as Macmillan Grants, there may be other grants and loans available if you need financial help. These might include help from:
- government and local councils
- utility companies (gas, electricity and water companies)
- charities and other organisations.
You can also call us for free on 0808 808 00 00 to speak to a welfare rights adviser or a cancer support specialist.
Your local library may have books about organisations that provide grants. One such book is A guide to grants for individuals in need, published by the Directory of Social Change.
Prescriptions are free in Scotland, Wales and Northern Ireland.
In England, people with cancer and some long-term conditions can also get free prescriptions. You need to apply for an exemption certificate by collecting an FP92A form from your GP surgery.
There may be other things to sort out, such as bank accounts and pensions.
Your bank accounts will be frozen when you die. This means money can only be taken out if the person carrying out the instructions in your will transfers it. It is their job to tell the bank that you have died.
If you have a joint bank account with another person such as a partner, any money left in the account belongs to them. But in Scotland, any money you put into a joint account still belongs to you when you die. It then becomes part of your estate.
You can nominate someone as your beneficiary using a legal nomination form provided by your pension scheme. This means that whatever is left in your pension when you die may pass directly to them. This depends on the terms and conditions of your pension scheme. Make sure your pension provider has up-to-date details of your beneficiary. If you have more than one pension, tell all your providers.