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The cost of care

By Andy Davis   September 2013

For families worried about meeting the costs of long-term care for elderly relatives, the government’s proposals this year—the centrepiece of which was a cap of £72,000 on what anyone would have to pay from 2016—have probably proved disappointing.

This is mainly because the costs covered by the cap are narrower than one might assume. The cost of the actual care received will be included but outgoings on bed and board will not, and that can represent a large proportion of the typical bill of £25,000-£35,000 a year. If your care costs £18,000 a year, you’ll need to spend four years…

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