The tax that pensioners should pay to fund care

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Theresa May’s plan looks seductive, but a fairer system would see the retired paying national insurance

There are a lot of comfortably off pensioners. And lots of poor ones. And there are a lot better ways of finding money for elderly care than Theresa May’s manifesto commitment to whipping the houses off people who need care at home.

Under the Conservative’s plan, people needing either domiciliary (aka at-home) or residential care will have to pay for everything until the value of their assets, including their home, is down to £100,000. The Tories promise that no one will be forced to sell their home in their lifetime to pay for care, with the cost instead deferred and taken from their estate after death.

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May 20, 2017 at 11:09AM

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from Patrick Collinson

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