Around £300 million might be brought into the long-term care system by 2025 through the use of disability-linked annuities, according to research.
A report by The Strategic Society Centre's director James Lloyd - The Roadmap: England's choices for the care crisis says to maintain the current "failing" care system, the government will require an injection of an extra £115 billion per year by 2025. This means the proportion of GDP spent on care will have to increase by 10%. The report suggests disability-linked annuities - a type of annuity which pays out a higher income upon an individual's disability - could be an option to help people fund their care combined with Dilnot's proposed care cap. But it concluded an individual would...
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