Social care cap change to add years of financial problems: IFS

People to reach cap much quicker

John Brazier
clock • 2 min read
Social care cap change to add years of financial problems: IFS

New research from the Institute of Fiscal Studies (IFS) shows the impact of the Government’s changes to the incoming social care cap on those in care.

Announced in November last year following the launch of the Government's social care reform strategy, the cap sets day-to-day financial costs of living in social care at £200 per week, will not count towards the level of support people will be eligible for under means testing. These costs will not count towards the level of support people will be eligible for under means testing. As such, people with fewer assets will have to pay for longer and use more of their assets to pay for care, the...

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