A review into long-term care has called for an end to means testing and new universal funding of care, shared between the state and the individual. The report believes that a ˜partnership approach" between the state and the individual is needed to meet the growing demand on resources, which it claims will reach £30 billion a year by 2026. The new proposals would mean that the government would pay for 66% of the funding, with the rest made up of a combination of state and individual contributions, with the poorest people getting benefits to pay for their share.
Our view
What twaddle! A partnership approach will still mean those that can afford to pay, will pay and those that cannot will not. This is just means testing in a different guise. All of us who save, are worth more than £20,500 (even as part of our home), will have to pay for social care in old age or have our homes taken into acount and ultimately sold to pay for care. The population is ageing, the number of workers i.e. tax payers is reducing, care fees will become even more difficult. Visit our website Care Fees Adviser.com to learn more or book a callback from us to get some help.