UKHCA

United Kingdom Homecare Association
The professional association for homecare providers

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UKHCA Media Release

UKHCA responds to nationwide study on care costs - 27/08/2020

Two thirds of homeowners over 50 are worried about how they will pay their way in later life.

Speaking to This is Money, Colin Angel, policy director at United Kingdom Homecare Association, said:

'Few people plan for the cost of social care, because the balance of responsibility between the individual and the State is not understood. There are few incentives or financial products to encourage people to do so.

'The Government must make a decision on how to fund care in the future, considering the needs of people who do not have property assets and those who do.

'How to do this fairly is a political question, but tax relief would help people pay for their own care and changing the VAT status of essential welfare services from ‘exempt’ to ‘zero rated’ would enable social care providers to reclaim the VAT they pay on goods and services, with a minimal loss of revenue to the Treasury, enabling savings to be passed on to people who buy their own care.'

Link to This is Money article

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