No need for elderly to sell home
Author: Daily Telegraph - Jul 1, 2009
Ministers have drawn up a range of measures that would allow middle-class pensioners to keep their property. Options could include compulsory insurance paid throughout a career, or a one-off payment of around £12,000 either at retirement or death.
They are contained in a long-awaited Green Paper discussion document intended to tackle the spiralling cost of care for an ageing population.
The Government is believed to favour proposals that would stop older people having to sell up because it is widely seen as the most unfair aspect of the complex and under-funded social care system.
A Whitehall source said: “There will be one or more options under which people will not have to sell their own homes.”
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