Symponia slams lower care cap

clock

Symponia has called today's social care announcement "a clever pre-budget manoeuvre to create a seemingly positive headline and divert attention away from the ailing coalition, during Budget week."

The Chancellor George Osborne has revealed that in his forthcoming Budget he will bring forward key reforms to social care.

Changes include capping social care costs at £72,000 in 2016, 12 months earlier than originally intended and £3,000 lower than the previous figure announced. The Government will also bring in the single-tier pension of around £144 by 2016.

"Tomorrow we're going to say that we're going to bring forward the Dilnot cap," Osborne told the BBC, "the so-called cap on social care costs so people are protected from the rather random costs of getting a disease late in life and seeing your home sold to pay for those care costs."

Symponia, the national professional body for care fees planning advisers, described the lower cap as ‘token', as based on average social care costs, most people will arrive at the new cap only eleven weeks earlier than the previously touted £75,000.

Janet Davies, joint founder and managing director for Symponia said: "People should not be duped; this is another smoke and mirrors production by the coalition. We need the Government to be more transparent with its electorate.

"Shame on George Osborne for saying "once people have spent £72,000 they won't have to pay any more," it simply isn't true.

"The cap only relates to care costs, not accommodation, food and other ‘hotel style' services necessary to live.

"As such, the majority of self-funders now will continue to be self-funders even after their care cap has been exhausted."

More on Long Term Care

Reframe Cancer appoints non-exec director

Reframe Cancer appoints non-exec director

Jenni Wilson takes the role

Cameron Roberts
clock 01 November 2024 • 1 min read
Autumn Budget 2024: Protection and health headlines

Autumn Budget 2024: Protection and health headlines

Top talking points

Cameron Roberts
clock 30 October 2024 • 3 min read
Cancer and the mental limbo of waiting

Cancer and the mental limbo of waiting

Support for long-term care

Mark Stephenson
clock 17 October 2024 • 4 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read