22 May 17
British prime minister Theresa May has said she will set an “absolute limit” on the money people will have to contribute to pay to fund their long term social care when they retire.
British prime minister Theresa May has said she will set an “absolute limit” on the money people will have to contribute to pay to fund their long term social care when they retire.
“Capping the maximum an individual will ever have to pay will encourage those who can afford it to ‘do the right thing’ by building up an additional reserve, perhaps within their pension pot, while knowing their legacy to the next generation won’t be destroyed if they are unlucky enough to need social care,” he said.
