We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

tax on gift of cash from my grandma

Options
2»

Comments

  • John_Pierpoint
    John_Pierpoint Posts: 8,401 Forumite
    Part of the Furniture 1,000 Posts
    edited 5 July 2010 at 11:26AM
    Off the top of my head:

    Population 60 million?
    (assume uniform age distribution: not true big bulge in "baby boomers" and young immigrants and their kids neither of which yet qualify for care homes).

    Average stay in a care home 4 years (I've seen 3 quoted else where).

    IE 5% of population potentially qualify to spend the last years of their life in a care home.

    But only 1/3 and 1/5 of the population do depending on their sex.
    Average that as 1/4. 5% is now 1.25 percent

    So 1% of 60,000,000 is 600,000 plus 150.000 = 750,000 (nice round number) of "crumblies" living in residential institutions.

    How do we know?
    Will the census pick up accurate statistics?
    When the "baby boomers" are 20 years older the figure could be considerably higher - no wonder the government wants people to stay in their own homes, receiving care in the community.
  • DVardysShadow
    DVardysShadow Posts: 18,949 Forumite
    askakd wrote: »
    one woman in 3 and one man in 5 ends up needing a care home

    seems very high to me - assuming 60m population then that would mean 10m women and 6m men in care homes...

    id be interested in seeing the basis for this belief!
    :eek::eek::eek:

    If 1 woman in 3 and 1 man in 5 ends up needing a care home from birth to death that would mean 10m women and 6m men in care homes.

    D'oh.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • John_Pierpoint
    John_Pierpoint Posts: 8,401 Forumite
    Part of the Furniture 1,000 Posts
    ends up in the last 3 to 4 year of their life - it is called the demographic time bomb - see "Brave New World".
  • askakd
    askakd Posts: 55 Forumite
    Part of the Furniture Combo Breaker
    ends up in the last 3 to 4 year of their life - it is called the demographic time bomb - see "Brave New World".

    so your stat should be " 1 in 3 of women and 1 in 5 of men ends up needing a care home in the last 3 to 4 years of their life"

    makes much more sense that way
  • reddevilled
    reddevilled Posts: 426 Forumite
    Part of the Furniture Combo Breaker
    askakd wrote: »
    so your stat should be " 1 in 3 of women and 1 in 5 of men ends up needing a care home in the last 3 to 4 years of their life"

    makes much more sense that way

    I think it was pretty obvious that was what they meant in the original post ;)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.