•   
  •   

UK News Will new social care cap stop you having to sell your home?

02:20  28 november  2021
02:20  28 november  2021 Source:   dailymail.co.uk

domestic care after the election campaign - that should change

 domestic care after the election campaign - that should change © Geralt / pixabay.com Domestic care is normally preferred to home care. But what should change so that the system remains permanently load? The health and elderly care is at least since Corona often in conversation and is safe: clapping alone is not sufficient. Within the care stand, there are significant problems consisting of overloads, personal logs, time-shortness and other difficulties.

MailOnline logo © Provided by This Is Money MailOnline logo

Funding of social care in England is undergoing a major overhaul. New Government proposals were voted through by MPs last week and are now heading to the House of Lords for review.

Further tussles in the House of Commons and Lords are likely, but within weeks we should have confirmation on how much people will have to pay towards care costs. Here is what the current proposals will mean.

What is changing?

From October 2023, the most that anyone will have to pay for personal care over their lifetime will be £86,000. Currently there is no cap. Anyone with less than £100,000 in assets will also be eligible for some financial support from their local council. This is a significant rise from the current level of £23,250. Assets include savings, investments and property, including the family home. Anyone with less than £20,000 in total will not have to pay anything towards their care from their assets. This is a rise from £14,250 at present.

Prime Minister Johnson faces Tory revolt over social care plans

  Prime Minister Johnson faces Tory revolt over social care plans The publication of details of the cap on care costs in England led to warnings it will benefit the wealthy more than poorer families.The Prime Minister has been warned that some Conservative MPs will not support the new policy to cap care costs, which critics argue has been watered down since it was first announced.

( © Provided by This Is Money (

What do the new rules cover?

The cap will apply to the cost of care, whether given at home or in a care home. For example, the cost of help with washing and dressing. However, it does not cover daily living costs – for example rent, food and utility bills. Living costs for people residing in a care home will be set at £200 a week. Those costs will not count towards the lifetime cap of £86,000.

Why is this happening now?

More than a million people in England are receiving social care. This number will rise as the population ages.

Under the current system, the cost of care can be eye-watering. People who have diligently saved all their lives can have their nest eggs wiped out in a few years, leaving them with nothing to pass on to loved ones. Around one in seven adults aged 65 currently face lifetime costs of more than £100,000.

Hibs social-media wailing, Jack Ross critics: This was such an important win for many within Easter Road

  Hibs social-media wailing, Jack Ross critics: This was such an important win for many within Easter Road Social media is never truly an accurate gauge of how a whole fanbase is feeling, but there was a particular incident on Twitter last week which caught the eye. © The Hibs players celebrate with their fans after the 3-1 win over Rangers at Hampden. Hibs club captain Paul Hanlon was handed a new contract, keeping him at the club until the summer of 2024. The 31-year-old has won the Scottish Cup with Hibs, played more than 400 matches, scored crucial goals in derbies and been capped by his country while at Easter Road.

However, deciding what care costs should be picked up by an individual requiring care and what should be paid by the State is a thorny issue. Successive governments have failed to tackle it – and kicked the can down the road.

The new proposal is designed to offer greater certainty to families about what they will be expected to pay to make it easier to plan.

Why is it controversial?

Last week, the Government won a vote to change its plans so that council contributions to care fees do not go towards the new £86,000 spending cap. Only contributions from someone's own savings and income count. The Government says it wants to ensure that people who get council support do not reach the cap at an artificially faster rate than others.

But critics say those who receive such support tend to be poorer. By introducing this rule, households with the lowest incomes and smallest assets will be asked to pay a bigger proportion of their overall wealth to fund care costs. They are also more likely to have to sell their homes. Helen Morrissey, pensions and retirement analyst at wealth platform Hargreaves Lansdown, says: 'This amendment comes as a huge blow to anyone with lower levels of assets, especially people in the North, where house prices tend to be lower than further south.'

Care home residents injected with SALT WATER instead of Pfizer vaccine

  Care home residents injected with SALT WATER instead of Pfizer vaccine Patients at the Millbrae Care Home in Lanarkshire were given a shot of saline solution instead of their first Covid vaccine dose on December 16 last year. NHS Lanarkshire apologised on Saturday.Residents at the Millbrae Care Home in Coatbridge, Lanarkshire, were given a shot of saline solution instead of the proper jab on December 16 last year.

Will people have to sell their home to pay for care?

Some will. The lifetime cap on costs does not cover living costs, which can add up to considerably more than the cost of care itself. However, anyone in this position can apply to have the sale of their home delayed until after they die. In this instance, the council pays the care costs upfront and then reclaims them from the sale of the home after the homeowner passes away.

How can I plan for the cost of social care?

It's all but impossible to predict whether we might need care, what kind and how long for. The new rules should at least make it easier as they lay down how much, in the event we do need care, we will be required to pay. It is hoped that in time, the insurance industry may offer products that provide cover for social care costs. Tom Selby, head of retirement policy at the wealth platform AJ Bell, believes policymakers may need to incentivise people to save for social care.

For example, he suggests the Government could introduce an Isa for saving for care, which might include an upfront bonus, but where withdrawals could only be tax-free if used to pay for care.

What the new Joint Agricultural Policy voted in the European Parliament

 What the new Joint Agricultural Policy voted in the European Parliament MEPs adopted, on Tuesday, three texts aimed at "Verdir" agricultural policy of the twenty-seven EU member countries. A CAP below environmental issues, denounced environmentalists. © AFP.com/Frederick Florin More than a thousand tractors in the European Parliament in Strasbourg on April 30, 2021 In order to weigh on the negotiations of the future common agricultural policy (CAP) a green light of the European Parliament for more environmental practices.

When does the cap start?

The cap will be introduced in October 2023. It will be implemented for adults of all ages, without exception. Costs accrued before this date will not count towards the cap.

Where will it apply?

The cap will be introduced in England. Scotland, Wales and Northern Ireland have the power to set their own social care policies.

Finally, how will it be paid for?

Both employers' and individuals' National Insurance Contributions will rise by 1.25 percentage points from April next year to pay for social care and help fund the NHS. From April 2023, this payment will become a separate tax, called the Health and Social Care Levy.

Read more

Social care is in a staffing crisis and we think Outt can help' .
Steve O' Brien is the co-founder and CEO of newly launched app, Outt. It campaigns for social care worker rights and helps them find work more easily by cutting out the agenciesTough working conditions, Brexit, burn-out, low pay and even mandatory Covid-19 vaccination rules, all contribute to the low take up of social care jobs in Britain.

usr: 4
This is interesting!