John Shaw

Liberal Democrat candidate for MP for Basingstoke Learn more

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Tory ‘dementia tax’ could wipe out up to half the value of average family home

by John Shaw on 31 May, 2017

It comes after Home Secretary Amber Rudd said the Conservatives did not know what a future cap on social care costs would be, while refusing to rule out that it could be as high as £200,000 or £300,000.

The analysis reveals that:
• If a cap was introduced at £200,000, the costs of care for those with long-term conditions could wipe out over half of the value of an average family home

• If a cap was introduced at £150,000, the costs of care for those with long-term conditions could wipe out around a third of the value of an average family home

These figures show Theresa May’s dementia tax could devastate hard-working families, with a cap on costs in the hundreds of thousands.

People risk seeing over half the value of their homes taken to pay for care costs.

Theresa May’s stubborn refusal to set out the full details of the dementia tax shows she has no plans to ditch it.

She is showing contempt for vulnerable older people who have developed a condition like dementia through no fault of their own.

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