You are reading a single comment by @jellybaby and its replies. Click here to read the full conversation.
  • That requirement exists already in Northern Ireland. Edit to pay for care and starts at a lot less than a million pound house.

    I like to see a private care home insurance I can build up, but according to gocompare that no longer exists.

    That way I can leave some inheritance but also pay my fair share.

  • The million pound bit was arbitrary. In England at present if you live alone and have if your capital is above £23,250 you pay, so basically all home owners. You can of course have a deferred payment agreement so yo don't pay until later but we are back to paying if you are unfortunate and need care rather than based on wealth. An OAP with a £100,000 home may 'spend' all of that on care while one with a £750,000 home contributes nothing.

  • If you have a £750,000 do you not also have to contribute?

    But of course you may still have inheritance left...with a carehome easily costing 20K a year the person with a 100K house may end up using it all up.

About

Avatar for jellybaby @jellybaby started