'Savers should not pay more for long term care'

The comments follow Sunday’s Panorama programme on the lack of NHS funding for LTC, which suggested those classed as ‘self-funders’ pay more than those funded by the local authority. At present, anyone with a capital greater than £20,500 has to pay the full costs of their care and accommodation. Below this level, an individual's contribution is calculated based on capital and income, while personal capital is disregarded below £12,500. With certain exceptions, the value of a person’s home is counted within their capital assets. David Barnett, principal at DPB Independent Financial Ser...