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Rule out a double 'death tax' now to save social care, warns Simon Lambert
['Simon Lambert', 'This Is Money Publisher']
Money Articles | Mail Online
Our new Prime Minister wants to finally reform social care, correcting what he called ‘a dereliction of duty’ by a generation of politicians.
Prime Minister Andy Burnham meets residents after his speech at a care home in north LondonCare home funding and adult social care is a mess.
But the elephant in the room is that social care reform hasn’t happened yet due to potentially huge costs that Britain can’t afford.
If a 10 per cent social care tax replaced inheritance tax, as Mr Burnham has previously mused, it would mean all estates lose an arguably manageable slice of money.
But introduce a social care tax on top of inheritance tax and a sizeable chunk of estates could be double taxed.