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ELDERLY COULD PAY £12,000 FOR LONG-TERM CARE
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PostPosted: Thu Jun 18, 2009 7:52 am 
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ELDERLY people in England and Wales could soon choose to pay a one-off £12,000 charge in return for free long-term care in old age.

It is understood a forthcoming Government green paper will propose the plans at the end of this month in a bid to cope with the increasing number of older people needing residential care.

For those who opt in, the fee would either be taken from their estates when they died or paid upon retirement, in what is dubbed an “inheritance levy”.

The UK’s elderly population is steadily growing and currently one-in-five people needs long-term care in their older years. Read more here.


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