Care Fees Survival Tax

Published / Last Updated on 05/04/2017

Care Fees AdviceWhat could be worse than a death tax that they even charge you for lifetime gifts and transfers?

The answer is a "live too long - survival" tax.

40% inheritance tax on death and 20% inheritance tax on lifetime chargeable transfers and up to 6% periodic charge every 10 years may appear insiginificant when you think that:

Care Home Fees in older age is a 100% means tested 'tax' i.e. if you live and if you have wealth, you may have to pay for virtually all your older age care.

You may be forced to sell 100% of assets to pay for your care.

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