Planning for your financial future

Information taken from an article published in Money Marketing online July 4 2011
Dilnot: Govt should invest in LTC advice strategy
The Dilnot Commission has called on the Government to invest in a major information and advice strategy to help people when they need long-term care.

The Commission on Funding of Care and Support, set up by the Government a year ago and chaired by economist Andrew Dilnot, published its proposals on long-term care funding.

The report confirms the recommendations trailed ahead of the report’s publication for a cap on individuals’ lifetime contributions to their social care costs of between £25,000 and £50,000, with £35,000 the recommended figure. When the cap is reached individuals would then be eligible for full state support.

Read the complete article here.

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