Tories U-turn on social care policy

Will introduce a cap on cost of care

Tom Ellis
clock • 1 min read

Theresa May has U-turned on her manifesto's social care proposals by promising she would "make sure there's an absolute limit" on the cost of care.

In its manifesto, May's Conservative party said it would raise the means-tested threshold for elderly care from £23,250 to £100,000. This would be taken from a person's estate, including their home, when they die and would not be capped. The policy would only guarantee the last £100,000 of a person's estate, while money could be drawn from an individual's home to pay for their care costs, but would allow them to keep the property while they are still alive. It had been increasingly referred to as a "dementia tax". Under the new proposals, the Conservatives would introduce a cap on car...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

'Don't think of consolidation as the end of independent advice. It isn't'

'Don't think of consolidation as the end of independent advice. It isn't'

Continuity before everything else

Tom Rowe-Jones
clock 02 September 2026 • 5 min read
SENDA calls on profession to share how it supports families with disabilities

SENDA calls on profession to share how it supports families with disabilities

Part of white paper launching in November

Isabel Baxter
clock 02 September 2026 • 2 min read
Plannex memberships boosted by 'out of the blue' Reddit influx

Plannex memberships boosted by 'out of the blue' Reddit influx

Without spending a penny on the social media platform

Isabel Baxter
clock 01 September 2026 • 5 min read