Social care funding plan

The Government plans to reform social care funding.  From April 2017 the cost of care in residential and nursing homes will be capped at £75,000.

To qualify for the cap an individual must have care needs that meet certain criteria, the details of which are yet to be announced.

Those with income and/or assets including propoerty of more than £123,000 will have to pay the full £75,000 before they receive state suppport.  Those with between £17,500 and £123,000 will pay a proportion of the £75,000.  Those with less than £17,500 will have all their care costs covered by the state.  The funding for the proposals will come from a freeze on inheritance tax and changes to the state second pension.

11.3.13

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