Quote:
Originally Posted by Hugh
Thank you for this - very much appreciated.
On page 20
|
So they save £48,000, so what? They're not able to spend it on anything. eg World Cruise, Ferrari, etc.
They "saved" for their retirement, and on existing rules, it would be spent on their retirement. What's the issue?
Just look at all the media articles. The complaints are about houses having to be sold. This new solution doesn't change that. For the majority, the majority of their wealth is tied up in their house. They don't have £86,000 under the mattress.
---------- Post added at 20:07 ---------- Previous post was at 20:04 ----------
Quote:
Originally Posted by Damien
I actually didn't mind May's idea that the money for care, up to a lifetime limit, comes out of your estate if you die. I guess the big problem there was it was a lottery if you fell ill or not but raising inheritance tax before you rise NI on lower earners seems more equitable to me?
|
As soon as somebody had to go into care, their estate would be quickly transferred, and therefore out of reach to pay for care.