Care Funding Plans
Published / Last Updated on 26/02/2010
by Ashley Clark, Director
The Government is currently looking into how care funding in old age can be adequately and sustainably funded.
The first proposal was for everyone to pay £20,000 as a tax charge on death, with the second a flat 10% tax charge on all.
The Conservatives responded with the suggestion of a voluntary payment of £8,000 from everyone.
Everyone agrees that the costs of care are spiralling out of control as medical science advances and everyone lives longer. The debate continues.
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