CGT IHT Nursing home fees and gifting

patel007

POPPYOSCAR wrote: »

My aunt was in a good nursing home which my cousins paid for by selling her house.

The lady in the room next to her getting exactly the same care was funded.

Many thanks - more proof that those that have worked hard, invested money rather than smoke it away and live in tax payers homes and get benefits from tax payers again by having their social housing rent paid, end up in private nursing homes funded by by people like me and my family as well as you.
Tories talked about a cap of 50k, not fair but at least something, then the tories said cap it at 75k in 2014 but nothing now they are talking a 100k - looks ike broken britain is encouraging people to live in coucil homes, on benefits and people like you and me pay for it.

patel007

thanks to those that have genuinely tried to help and about 4 very helpful and decent posts.

Mojisola

POPPYOSCAR wrote: »

My aunt was in a good nursing home which my cousins paid for by selling her house.

The lady in the room next to her getting exactly the same care was funded.

I think this is a situation that won't happen in the future.

In our area, there is one home that accepts the council's level of payment and it's quite dire.

Residents in the more expensive homes are either self-funding or have relatives who are paying top-up fees.

Keep_pedalling

patel007 wrote: »

Many thanks - more proof that those that have worked hard, invested money rather than smoke it away and live in tax payers homes and get benefits from tax payers again by having their social housing rent paid, end up in private nursing homes funded by by people like me and my family as well as you.
Tories talked about a cap of 50k, not fair but at least something, then the tories said cap it at 75k in 2014 but nothing now they are talking a 100k - looks ike broken britain is encouraging people to live in coucil homes, on benefits and people like you and me pay for it.

You really don't have a clue do you? There are plenty of people who have worked hard yet have little in the way of wealth near the end of their lives. My 91 year old mother and many of her generation have little in the way of savings and very meagre pensions to get by on. She has never smoked or frittered away what little money she had after being widowed at a young age.

Yes she gets LA funding, but she still has to contribute her entire pension so no she does not get free care.

The big point you continue to ignore though is choice. You and I are in a position to pay for high quality care, but it seems that you would prefer to have the most basic care just so you can pass more wealth to a child. It is difficult enough now to get LA care, what it is going to be like in 20 years when boomers like ourselves are going to be needing it in large numbers.

Even if the government do impose caps, this is still only going to apply to LA approved basic care homes, or home care with short visits at random times which is something I am not prepared to tolerate and is the reason why we will always try to maintain sufficient wealth to fully fund that option.

Wayne_O_Mac

patel007 wrote: »

the same homeowners then can't even give money to their loved ones when they have passed away

For someone that keeps mentioning the fact they worked hard for what they have, you seem determined to ensure your loved ones have access to unearned wealth.

Bit hypocritical, wouldn't you agree?

le_loup

............ and, of course, we have no idea what luck played in his life.

Keep_pedalling

patel007 wrote: »

thanks to those that have genuinely tried to help and about 4 very helpful and decent posts.

We have all tried to help, it's just that you don't want to listen to contrary views to your own.

hostertlady

Keep_pedalling wrote: »

You really don't have a clue do you? There are plenty of people who have worked hard yet have little in the way of wealth near the end of their lives. My 91 year old mother and many of her generation have little in the way of savings and very meagre pensions to get by on. She has never smoked or frittered away what little money she had after being widowed at a young age.

Yes she gets LA funding, but she still has to contribute her entire pension so no she does not get free care.

The big point you continue to ignore though is choice. You and I are in a position to pay for high quality care, but it seems that you would prefer to have the most basic care just so you can pass more wealth to a child. It is difficult enough now to get LA care, what it is going to be like in 20 years when boomers like ourselves are going to be needing it in large numbers.

Even if the government do impose caps, this is still only going to apply to LA approved basic care homes, or home care with short visits at random times which is something I am not prepared to tolerate and is the reason why we will always try to maintain sufficient wealth to fully fund that option.

I agree....
my mum too... all her widow's pension and state pension.. yes she does get LA funding top up to help with her care..
she was self funding at first until her savings went below a certain level...
why do people with excess amounts of money suddenly expect everyone to pay for things when they have sufficient finds of their own to pay it..

anselld

It is a bit rich for a millionaire to be here complaining about paying tax.
It is odd for the millionaire to be envious of those who cannot afford to pay for their own care.
... but it just crazy for the millionaire to be seeking advice on how to put themselves back to the position of not affording their own care!

POPPYOSCAR

Mojisola wrote: »

I think this is a situation that won't happen in the future.

In our area, there is one home that accepts the council's level of payment and it's quite dire.

Residents in the more expensive homes are either self-funding or have relatives who are paying top-up fees.

I also have a friend whose mother is in a care home along with privately funded people.

They pay the princely sum of £50 per week(between 3 of them) for her to be there because it was the best one closest to the family.

I know my cousin is very bitter that all the money from the sale of the modest little house was used up when others there were funded.

I can understand why some say you might as well spend it while you can.