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Care Fees – Will the new cap do anything worthwhile?

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Further to my blog </a>of a few months ago, there has been yet another study criticising the level of change the government intends to implement in relation to care fees. The Institute and Faculty of Actuaries (IFoA) says that the £72,000 limit on what people will have to pay will benefit just 8% of men and 15% of women. I have to say that of the clients who come to me for advice on care fees, I always consider the new rules as well as the current ones.   I think I have only ever found one client who might actually benefit from this new cap. Care fees are complicated, and also financially devastating.  It is worth getting advice, and the earlier the better. If you would like to know more on this subject, please get in touch.

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