Care Fees Planning

Care Briefing – February 2015

The jury is still out on this question largely because the fine print in the regulation and subsequent guidance has yet to be established. Indeed the Department of Health is consulting on this at the moment with a deadline of 30 March, one day before the Care Act 2014 goes live, so anything we say about it at moment is no more than opinion.

A lot has been said over recent months about the cap and how it will work. Briefly, the system is designed to set a limit of £72,000 that a person should pay to meet their eligible care needs. Under current rules, if a person has less than £23,250 in assets they will receive means-tested help – and they will contribute only what they can afford from their income if their assets are below £14,250…

To read the latest Care Briefing in full click here

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