Conservatives eye death taxes to fund social care

Prospectus aimed at appealing to working families

clock • 3 min read

The Conservatives are said to be considering raising post-death taxes to fund changes to social care provision, as they seek to tackle the effects of an ageing population.

Ahead of next week's manifesto launch, the party is exploring ways to make wealthier people contribute to rising social care costs after their death, through higher inheritance tax or other reforms, the FT reported. This comes despite Chancellor Philip Hammond previously rejecting the introduction of a "death tax". He seemed to rule out such a move in his spring Budget when he said: "For the avoidance of doubt, those options do not include, and never have included, a death tax."  However, senior Conservatives claim he was referring specifically to a Labour proposal to introduce a f...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

The COVER Review: NHS waiting list, provider news and AI

The COVER Review: NHS waiting list, provider news and AI

Week commencing 9 February 2025

COVER
clock 13 February 2026 • 1 min read
Quilter Foundation pledges £3m for UK financial education

Quilter Foundation pledges £3m for UK financial education

Structured lessons and volunteer training

Jaskeet Briah
clock 13 February 2026 • 2 min read
NHS waiting list drops to 7.29m

NHS waiting list drops to 7.29m

Average wait time increased to 13.4 weeks

Jaskeet Briah
clock 12 February 2026 • 2 min read