The Pensions Policy Institute (PPI) has published ‘Care in later life: incentives to use assets to pay for care’ sponsored by The Association of British Insurers (ABI).
Most people are unprepared for the possibility of a social care financial time bomb, according to the latest ABI research. At the same time, separate new analysis shows that over a third of the population could benefit from incentivising ways of self-funding care, for example through tax exemptions. The ABI is calling on the Government to urgently publish the social care Green Paper and consider how to target interventions for self-funders to help solve the social care funding crisis.
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