Kate Garraway forced to 'withdraw money from pension' to pay off husband Derek's bills

Kate Garraway has been filming a new series abroad that will air in September
Kate Garraway begs for help after receiving 'unsettling' post' to late husband Derek -Credit:Ken McKay/ITV/REX/Shutterstock

Kate Garraway has revealed the financial strain she's faced since the passing of her husband Derek Draper, who died in January after a prolonged battle with Covid's long-term effects.

With Derek requiring constant care, Kate has had to dip into her pension funds to manage the overwhelming costs.

Speaking candidly on Good Morning Britain on Monday (May 6), Kate shared her struggles: "I have had to withdraw the bit you can tax free from my pension to pay for belated bills for my husband, who has now passed away" reports OK!.

"People are having to do things - it wasn't a huge pension in the first place - which aren't what they saved for."

The television presenter has been open about the financial burdens of caring for a loved one, estimating her debts to be between £500,000 and £800,000.

In an interview with The Times, she expressed her frustration with the system: "It's supposed to be a system that's meant to catch you if you fall," she said. "But actually, it feels like it's trying to catch you out. You feel like you're in the dock answering questions about things that will literally mean life or death to someone you love."

She also highlighted the inadequacy of the support available: "Derek's needs were clearly so great, yet he didn't warrant funded care so you think, 'If he isn't getting it, then who is? '".

During a poignant segment on GMB in March, Kate Garraway shared her struggles with financial woes, confessing: "I'm ashamed of the fact I'm in debt, but I'm also proud."

Her co-host Richard Madeley probed into her feelings of shame regarding her debts, leading to her candid revelation about the challenges she faces at home despite her lucrative role at ITV.

Touching moment Derek Draper reads out Kate Garraway's birthday cards with their kids
Derek Draper sadly passed away earlier this year after a long health battle -Credit:ITV

"Well, because I have an incredible job that I love, that is very well paid. I'm not a carer, travelling miles, paying their own transport to go and help somebody for minimum wage. I'm somebody that's very well paid. So, I just feel ashamed that I couldn't make it work," she explained.

Kate delved deeper into her financial predicament in the heartfelt documentary 'Kate Garraway: Derek's Story', which chronicled the final year of her husband Derek's life.

She laid bare the stark reality of her situation, stating: "Derek's care costs more than my salary from ITV and that is before you pay for a mortgage, before you pay any household bills, before you pay for anything for the kids, so we are at a crunch point. I am in debt."

She continued to express her distress over the financial balancing act she faces, saying: "I can't earn enough money to cover my debt because I am managing Derek's care and I can't even use the money I do have to support Derek's recovery because it's going on the basics all the time."

Despite acknowledging her substantial income, she emphasized: "I'm not going to pretend that I am poorly paid, I have an incredible job that I love, which is well-paid, but it's not enough."

In the hour-long ITV documentary, Kate stated: "Time and time again the system tell us that Derek isn't sick enough, doesn't have enough of a health need to qualify for funded care. I've appealed but that still hasn't been processed two-and-a-half, three years later. If this is what it's like for me, what on Earth is it like for everybody else? ".

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