0370 1500 100

Arguably the most headline-grabbing aspect of the Conservative Party manifesto was the inclusion of a proposal which would see people who need social care at home pay for such support until their total assets reach a floor of £100,000.

Referred to in the media and by rival parties as a ‘dementia tax’, critics argued that the issue would particularly impact on families where parents develop conditions such as dementia which mean that social care is essential. This in turn would also reduce the inheritance received by that person’s children.

Following the concerns, the Prime Minister reacted by stating that a cap on the total amount that people would pay would be introduced, although no figure has been provided as it will only be finalised after consultation. Given its prominence in the election campaign this is likely to be one of the main proposals to move forward in the first few months. Read more on our reaction to the "dementia tax".

Published: 9 June 2017


Sign up to receive a moment of clarity

A moment of clarity

June 2017

What next for Private Wealth post the general election?

A look at key policies in the Conservative manifesto.

Planning for later life