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

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 IFS stated. Analysis by the IFS showed that without this amendment, someone needing residential ...