John Humphreys: Planning ahead tax-efficiently for later-life care

So much of financial planning is about preparing for uncertainty and nowhere is this more true than in planning for care. It is impossible to predict with any certainty how much care any one person will need in their later years. What is certain though is we are all a bit older today than we were yesterday and that the older you grow, the more likely you are to need some form of care. It is hardly controversial to suggest state funding of care is in crisis. In last month's Budget, it was announced local authorities in England would receive a further £650m in social care funding next year...