Loans for the elderly: Govt to outline residential care plans

clock

The government is to announce details of a deferred payment scheme for residential care for the elderly, which will allow councils to lend individuals money to pay for care, then recoup the money when their house is sold after their death.

The health secretary Andrew Lansley, who will launch the government's white paper on social care on Wednesday, said the scheme will "end the scandal of older people being forced to sell their homes...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

IHT receipts up £0.3bn, HMRC figures reveal

IHT receipts up £0.3bn, HMRC figures reveal

‘Bumper IHT receipts for the Treasury’

clock 19 August 2022 • 3 min read
Verso buys Scottish advisory firm Campbell Thomson

Verso buys Scottish advisory firm Campbell Thomson

Glasgow-based IFA

Jenna Brown
clock 18 August 2022 • 2 min read
Bradbury Hamilton is headed up by Sheriar Bradbury (pictured) and brings assets under management of £330m to Brighton and Hove-based Skerritts.

PE-backed Skerritts buys Bradbury Hamilton

City-based Chartered IFA Firm

Jenna Brown
clock 16 August 2022 • 1 min read