Hearing PM will announce a plan that very closely takes on the Andrew Dilnot proposals from 2011.
No great surprise, but:
1. Cap of around £80k, meaning you pay no more
2. Floor of £100k, meaning your savings won't ever deplete beyond that (important for less well off).
No great surprise, but:
1. Cap of around £80k, meaning you pay no more
2. Floor of £100k, meaning your savings won't ever deplete beyond that (important for less well off).
Politics is a funny business... this plan has been around for a DECADE.
How many houses have been sold in that time? How many people have died with little inheritance to pass on? How many have missed out on care because of underfunding? How many carers have been overworked?
How many houses have been sold in that time? How many people have died with little inheritance to pass on? How many have missed out on care because of underfunding? How many carers have been overworked?
Plan arguably benefits the better off in 2 ways:
1. Their homes are worth more, leaving a nice inheritance for relatives.
2. They'll pay less national insurance as a proportion of their income than the lower paid.
A good policy for the home counties. Less so for the red wall?
1. Their homes are worth more, leaving a nice inheritance for relatives.
2. They'll pay less national insurance as a proportion of their income than the lower paid.
A good policy for the home counties. Less so for the red wall?
Though as I say, the floor does partly mitigate against any unfairness. If your house is in a poorer part of the country and worth £100k, you pay nothing because the floor protects you. In that way, everyone is insulated from being left virtually penniless by care costs.
Now we've spent a week debating national insurance, PM needs to get to substance of his plan.
This extra money largely funds the care cap. How will he fund improved care? Better pay for carers? Removing the postcode lottery across the country? Arguably much bigger challenges.
This extra money largely funds the care cap. How will he fund improved care? Better pay for carers? Removing the postcode lottery across the country? Arguably much bigger challenges.
Think under this scheme the worst position to be in is to having savings/housing worth £180k. In that position you’d pay almost half of it on care - £80k. The other £100k you’d keep, which is still significantly more than the £23,250 currently.
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