You can gift any amount, prove me wrong

Bobziz

The 'foreseeable' element is interesting and why each case needs to be assessed on its own merits. If you have a family history of dementia or cancer is it foreseeable that you might need care at some point in the future.

SouthCoastBoy

https://forums.moneysavingexpert.com/discussion/comment/81861466#Comment_81861466

I don't think it can be subjective, surely it should be based on clinical evidence. For example, ex professional footballers from 70s and 80s, should they not gift as there is a propensity in this cohort to develop dementia? Surely not, unless there was clinical evidence that they are already suffering from dementia?

Bobziz

https://forums.moneysavingexpert.com/discussion/comment/81861473#Comment_81861473

Yes I think you're probably right, and it would be a brave LA that went down this route. I guess the key element may be that even though you might be more likely, that in itself doesn't make it foreseeable

MeteredOut

Would posting a question to a well know consumer site forum count as foresight?

af1963

In planning for possible care costs, being "fit and healthy" may make it more probable that care costs will be needed eventually, as you're less likely to pop off at a young age before ongoing care becomes an issue.

plumb1_2

what’s stopping me withdrawing out £1k p/w from a cash machine to give to anyone I like.

After all I have a gambling addiction and the rest gets spent on my twice weekly meeting with certain ladies.

Is that classed as DoA ?

Cus

https://forums.moneysavingexpert.com/discussion/comment/81863707#Comment_81863707

Nothing stopping you giving £1k p/w to someone you liked. Probably much more DoA resistant than giving the lump sum total when you know you are becoming closer to needing care. If you have no dependents then better, as I can imagine family wanting that money.

Giving that monthly money to certain ladies and the bookies I would assume is not DoA relevant, that's called blowing your retirement. Potentially an extreme example of why people should use and enjoy their retirement savings rather than it being taken away. Doesn't sound like deprivation to me 😁

Edit to add: I don't think the government care too much is you blow it today on a things that boost the economy, or hoard it and they take it away via DoA or tax. They just don't like it being passed to someone else without them getting their cut