Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

PENSIONS PROPOSALS MEET COOL RESPONSE FROM ELDERLY

  • Comment
Elderly people's charity Age Concern said that few people would benefit from proposals being considered by the gove...
Elderly people's charity Age Concern said that few people would benefit from proposals being considered by the government to ease inland revenue rules so that pensions could be split and used in part to insure against the costs of long term care.

The Daily Telegraph (p4) reports that chancellor Kenneth Clarke's proposals have met with little enthusiasm. Age Concern's spokesman said that only 10% of the population had adequate pension provision to benefit from such a move.

The Financial Times (p11) also covers the story, reporting that the proposed relaxation of inland revenue rules would allow pension funds to finance 'a broader range of financial products, including long-term care insurance.'

The paper comments that this measure would be cheaper than raising the £8,000 savings threshold below which people must fall before the state will start to meet nursing home bills.

And Today (p6) interviews a woman whose elderly mother is in a nursing home and who is struggling to pay the £310 a week fees.
  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.