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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.
JWestland-
If you have a £750,000 do you not also have to contribute?
Not if you don't need care.
The current situation requires people that need care to pay for it if they have a small amount of money (or more). I would like a system where everyone pays towards care even if they are fortunate enough not to need it.
Kind of like the NHS model.
jellybaby
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.