Inheritance tax to pay for care
Thousands more people are likely to be hit with inheritance tax to pay for an extension in state support for elderly care.
£75,000 cap planned for care bills
The coalition will today announce that elderly care bills are to be capped by the state in a £1 billion move expected to be funded by dragging more people into inheritance tax.
To the disappointment of many campaigners, the cap will be set at £75,000 - more than double the £35,000 recommended by the independent Dilnot Commission.
But thousands more people will be hit with inheritance tax bills because of a three-year extension of the freeze in the £325,000 threshold - £650,000 for couples - at which it kicks in at 40%.
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Elderly care changes: What do they mean for you?
The Government will set out plans for the long-term funding of social care in England. Find out how it will affect you and your family...
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Care cap could be paid for by inheritance tax freeze
Elderly care bills are to be capped by the state in a £1 billion move expected to be funded by dragging more people into inheritance tax.