BBC Radio 4 LW

Money Box Live

Phone-ins

Factual: Money

Phone-in programme with discussion and advice on personal finance

Money Box Live: 30/05/2012

30/05/2012

BBC Radio 4 - Money Box Live, 30/05/2012

Paying for care: Paul Lewis and a panel of guests answer your calls on the costs of care.

Paying for care: If you or someone close needs care, how much will you have to contribute to the cost? Paul Lewis and a panel of guests answer your calls on funding care.

Paying for care: With the UK's ageing population, the annual cost of long-term care is expected to rise to £38 billion by 2025, according to research by the insurer, Liverpool Victoria. That would amount to £33,000 per person, per year. But who pays? Currently, in England, if you have more than £23, 250 in savings, including your home, you must pay the full cost of your own care. A government-commissioned report last year recommended the assets' threshold should be raised to £100,000 and the total amount you pay in your life should be capped at £35,000. This summer, the government is due to publish new plans for social care, including how it will be funded in the future. But what can you do now to plan for the years ahead? 
If you'd like advice on how you get assessed or where to look for help, you can call Money Box Live. Paul Lewis and a panel of experts will answer your calls and emails on paying for care. Email moneybox@bbc.co.uk or call 03700 100 444. Lines open at 1pm, Wednesday. 
Producer, Sally Abrahams.

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30/05/2012

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