care

Social care costs could soon overwhelm councils' tax revenues forcing significant cuts to services, think tank warns

Social care funding is likely to overwhelm council budgets resulting in significant cuts to other services in the next 15 years unless the government takes action, the Institute for Fiscal Studies (IFS) warns.

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Create a 'state pension for care' to fund social care crisis, says Damian Green MP

Over 50s should pay a 1% surcharge on their national insurance contributions (NICs) to help fund the care crisis, says a new report.

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Elderly care postcode lottery: Over 65s in some areas are SIX TIMES more likely to get full funding than in others

Over 65s face significant disparities in state-backed care depending on the area of the UK they live in.

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How can I avoid spending Mum’s cash on tax or care?

If your mother died after changing an account into joint names, the balance of this account would pass to you as the surviving account holder.

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Is gifting to your kids before going into care considered hiding assets?

It is completely understandable that your parents want to get their finances in order now they have been taken into care. But they will need to be careful not to fall foul of council rules on deprivation of assets.

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English care system outdated and underfunded, Age UK warns

Charity Age UK has condemned the English care system for being outdated and underfunded compared to other developed countries.

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Care Isa proposal "won’t solve care crisis"

Proposals to launch a ‘Care Isa’ to fund social care costs have attracted criticism, with commentators arguing that it would only benefit a small minority of the population and complicate the Isa system.

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Lasting power of attorney refund scheme launched: You could be due £108

Individuals who applied for a lasting power of attorney (LPA) between 1 April 2013 and 31 March 2017 can now claim a partial refund of up to £108 after they were overcharged.

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Ask the Experts: If our mother gives us £55,000, will it impact on inheritance tax?

It’s quite common for parents to want to give money away to their children, sooner rather than later, while they’re young enough to enjoy it.

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Care homes must be reformed, says competition regulator

The UK’s care homes are in urgent need of reform, according to the findings of an investigation by the Competition and Markets Authority (CMA).

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