Additionally, those with an investment in property who receive domiciliary care may hand on to inheritors the whole value of their homes leaving other, younger, working taxpayers who are, perhaps, trying to save for their own first homes, to pick up the bill. That is not fair or proper either. Why should your children, on modest incomes, pay in the future for my domiciliary care while I hand on the total value of my life`s work to my children?
We can no longer place the burden for social care upon tomorrow`s taxpayers while we do not contribute out of our own resources. To correct this imbalance, the Conservative party proposes to include in the assessment of means homes owned by those requiring domiciliary as well as residential care.
In return, a future Conservative government proposes to increase fourfold the amount retained in an estate. That means that instead of £23,250 left to leave to children and grandchildren the amounts – for both residential and domiciliary care – will be increased to £100,000. That will apply equally to those living in, say, a £200,000 bungalow and to a person living in a £500,000 five-bedroomed detached house.
Additionally, no person will be required to sell a home until the partners in occupancy are themselves deceased – so the property is secured for life.
Please ask yourselves whether or not that is a realistic recognition of the need to shift the generational burden of the cost of social care to those with the most wherewithal to pay, while at the same time offering security and protecting a sizeable asset. I believe, as one who could in the future find himself facing such costs, that this is a fair way forward.
Finally, the Prime Minister has indicated very clearly that the details of this proposal will go out to full consultation before any change of policy is implemented.
I have studied the Conservative Manifesto proposals for social care and find them to be fair, honest and courageous.
I know from family experience that, at present, a person with modest savings and a home going into residential care has to fund their own provision, the value of a home is taken into account and just £23,250 of what represents a life`s work may be handed on to inheritors. The same person looked after through domiciliary care in their own home does not have the value of their property taken into account when means to pay are assessed. That is not fair.