Tories U-turn on social care policy

Will introduce a cap on cost of care

Tom Ellis
clock • 1 min read

Theresa May has U-turned on her manifesto's social care proposals by promising she would "make sure there's an absolute limit" on the cost of care.

In its manifesto, May's Conservative party said it would raise the means-tested threshold for elderly care from £23,250 to £100,000. This would be taken from a person's estate, including their home, when they die and would not be capped. The policy would only guarantee the last £100,000 of a person's estate, while money could be drawn from an individual's home to pay for their care costs, but would allow them to keep the property while they are still alive. It had been increasingly referred to as a "dementia tax". Under the new proposals, the Conservatives would introduce a cap on car...

To continue reading this article...

Join Professional Adviser for free

  • 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 Your profession

Women in leadership: Being authentic is a strength

Women in leadership: Being authentic is a strength

‘Leadership in financial services is a team sport’

Jenna Brown
clock 16 April 2024 • 7 min read
Advisers seeing clients 'stretch finances' to afford private school

Advisers seeing clients 'stretch finances' to afford private school

Parents ‘stretching finances’ to finance private education

Sahar Nazir
clock 16 April 2024 • 1 min read
FCA's Howard: Firms' culture must change to attract female talent

FCA's Howard: Firms' culture must change to attract female talent

‘We need a different and better mix of advisers and advice’

Jenna Brown
clock 16 April 2024 • 4 min read