Bit of a do in the village hall last night and we were sharing a table with a couple we only vaguely know. The conversation turned inevitably to the election and various hot issues.
The couple took early retirement and are in their 60s. They have already given their house to their DCs and pay them the going rate in rent. Plus they have made substantial trust funds for their DGCs. They give their DCs money towards their expenses, like a new car or home improvements. They are determined to have no savings or assets above the prescribed limit by the time they need care.
This is because the DW's father was in a nursing home for the last 3 years of his life which he had to pay for himself. In the next room was a man who bragged he was fully funded by the council. They found out the council only paid 2 thirds of what DF was paying so he was, in effect, subsidising this man as well as paying for himself.
I can see why they feel as they do, it's one thing to pay for yourself but quite another to pay for someone else as well.
They feel that in future everyone should have to take out insurance bonds in their 20s because either everyone should pay towards their care or no one should pay.
It was an interesting discussion. ATBU?
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AIBU?
ATBU to do all they can to avoid paying for their care in old age?
186 replies
WateryTart · 31/05/2017 09:18
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