Has Theresa May got the right financial balance for pensioners?
Theresa May unveils ‘difficult but necessary’ measures to pay for elderly care
Middle-class pensioners are set to lose benefits under Conservative plans to fund social care while means-testing will be introduced on winter fuel payments.
The Conservatives will also pass legislation to ensure nobody has to sell their home to pay for their care during their lifetime, and new rules will allow pensioners needing nursing home treatment to keep more of their assets.
Pensioners will stop paying for their own care once their savings and assets are down to £100,000. At present only £23,250 is protected.
But a person’s home will be counted among their assets when they are means-tested for domiciliary care (currently this only applies to people needing residential care) meaning more people will pay.
No-one will have to sell their home during their lifetime, as they will be able to borrow money which will be paid back from their estate after their death.
The party’s manifesto proposes ditching the “triple lock”, in which the pension is raised in line with the highest of average earnings, prices or 2.5%.
From 2020, its plan is to cut the 2.5% element, to leave a “double lock”.
What are your views? Has Theresa May got the right balance for pensioners? Have pensioners who consistently vote in general elections been targeted? Or is this a realistic solution to help fund social care with an ever growing ageing population and a shrinking pot of money? What would you do?
What are your views?
We'd love to hear your comments
Community Terms & Conditions
These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.
You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.
be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.
Contributions must not:
contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
Nurturing a safe environment
Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.
We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!