It opened up the first time I googled it but as you say behind a paywall now, it’s probably something you know a lot more than I do, I’d just seen the 100k banded about but apparently it’s been put back two years and is not exactly a straight forward ring fence, suffice to say anyone paying care fees are losing a lot of their hard earned (in most cases) cash.
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- Thread starter gazinho
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denislawsbackheel
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The Tories played a blinder with this.It opened up the first time I googled it but as you say behind a paywall now, it’s probably something you know a lot more than I do, I’d just seen the 100k banded about but apparently it’s been put back two years and is not exactly a straight forward ring fence, suffice to say anyone paying care fees are losing a lot of their hard earned (in most cases) cash.
They fooled everyone into thinking there’s a cap.
But when you look at the small print and exclusions all that it means is Rees Mogg’s assets will be protected from a care home bill but your aunty Mabel will still lose her house after she is dead to pay for her care.
Mr Kobayashi
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Try and get an all inclusive hotel with trained care staff for that a night.
Good point there's not many hotels where you have someone on call 24/7 to wipe your arse.
As you’re pretty clued up in this purely hypothetical, what about doing this.Yes they can.
The person wanting to give away a large portion of their estate, let’s say it’s someone who has a large amount of cash but rents a house. That person and the person they want to give the money to both register on one of the American Poker sites.
They deposit a grand a time and just play heads up poker against each other (multiple hands both winning some pots) and the recipient wins every time increasing his bank balance exponentially.
They do this until all the money has gone from the giver to the recipient. The poker site will be happy as they get their rake (which means about 5%!of the pot is lost) and I doubt they would give information away to a British authority, am I missing something?
The Extra Care model has been pushed for about the last 10 years, rents would be about £160 a week for one bed with a minimum care component of about £20 and everything else from a menu of services as needed and adapted over time.Good point there's not many hotels where you have someone on call 24/7 to wipe your arse.
It is generally classed as C3 housing with the care being extra if needed, but some use C2 to reduce parking on the planning app. It is your own tenancy (normally assured rather than AST) and not come contract like a care home which gives you all the protection of a hotel if they want to evict you.
denislawsbackheel
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To what end?As you’re pretty clued up in this purely hypothetical, what about doing this.
The person wanting to give away a large portion of their estate, let’s say it’s someone who has a large amount of cash but rents a house. That person and the person they want to give the money to both register on one of the American Poker sites.
They deposit a grand a time and just play heads up poker against each other (multiple hands both winning some pots) and the recipient wins every time increasing his bank balance exponentially.
They do this until all the money has gone from the giver to the recipient. The poker site will be happy as they get their rake (which means about 5%!of the pot is lost) and I doubt they would give information away to a British authority, am I missing something?
You can give away any amount of cash tax free in the U.K.
I thought you were restricted on the amount you give away if it’s to avoid paying care fees or inheritance tax, the latter one with the 7 year rule? It’s not something I know a lot about, every day is a school day.To what end?
You can give away any amount of cash tax free in the U.K.
Bluesince1979
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When my nanna was still ‘with us’, she had no real grasp of todays prices other than EVERYTHING was too expensive. The first sign of her dementia was that she was buying over priced shite from catalogues. Like properly, rip off shit. We knew she wasnt right spending money on such tat.My grandma was quite similar. We never told her how much it cost. She’d have gone mad.
Don't get me wrong, they did care about her where she lived, but I can’t see how it costs over £100 per day for them to keep her.
We are “lucky” now as she is in a secure hospital as she gets quite violent and whilst shes there its under the NHS.
To move her to a private place which would offer 1-1 care as she needs is £2k a week!!!
She really has no idea where she is. Its such a shame.
Dementia is a ****
Alan Harper's Tash
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Sorry to hear that extreme. My grandma always wanted taking round supermarkets to see what the prices were like and they always horrified her, so we limited her exposure.When my nanna was still ‘with us’, she had no real grasp of todays prices other than EVERYTHING was too expensive. The first sign of her dementia was that she was buying over priced shite from catalogues. Like properly, rip off shit. We knew she wasnt right spending money on such tat.
We are “lucky” now as she is in a secure hospital as she gets quite violent and whilst shes there its under the NHS.
To move her to a private place which would offer 1-1 care as she needs is £2k a week!!!
She really has no idea where she is. Its such a shame.
Dementia is a ****
There were two main types of person the care home we used. Those with dementia, who didn’t know what was happening and those without, who could comprehend they were losing their dignity with double incontinence and confusion etc.
Both are horrid. The ones with dementia, the families suffered more, whereas the families with loved ones without dementia occasionally got a good visit and saw glimpses of the person they have already known.
The care costs are outrageous though. I’d have to be shown a breakdown of a carehome‘s balance sheet to ever believe that they aren’t fleecing the elderly and infirm.
I don’t know what it’s going to be like when we get to this stage, but I can’t imagine it will be in anyway better.
SWP's back
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Utilities, tax, insurance…I get that, but there were 40 people in my gran’s care home with 3-4 staff over night, one of which had medical training. The rest were carers.
The numbers still don’t compute to me.
I’m sure many owners aren’t poor but I don’t think it’s the gold mine some would imagine.