Sell it quick, go down to Ladbrokes and place the money on an outside bet. You’ll either come away very wealthy or probably lose it all- but then you will lose it all anyway in care home fees so it’s worth a gamble
Yes! Someone speaks the truth.. so spend everything you have and enjoy life... that makes you less worse than those who have screwed the system all their lives , and have everything paid for them.. the fact is as you become older the less you own / have the more you are rewarded... So spend and enjoy your money..other the State having taxed all your assets constantly throughout your life, will take it all as you die....such a wonderful Christian approach to its Citizens.......
If you have a child who 60 or over,and they live with you in your property,and are caring for you.then the local authority cannot take the property for care home fees,they cannot take your property for care home fees as its your childs home.Also you can still claim the 25% discount on your council tax bill as your child is caring for you.I will be moving in with my 85 year old mother very soon,as Im 61 years old.
I would rather kill myself than work all my life and do without things just to have some thieving care home owners steal it. If I had been aware of all this when younger, I would have frittered all my money away on holidays, plastic surgery, cars etc. All of us who have planned and saved did NOT do it to give to a tory thief.
@@sirrathersplendid4825 All the money thieving processes have been put in place by tories. also, how much was stolen and passed on to tories with financial interests with track and trace? also, in the line of work I was in, I came across HUNDREDS of care homes and tory 'business people and met only a handful who were honest.
Apologies for the slow response @onetone4561. I don't believe the £85k cap has been brought in yet, but if you wish to talk it through with our advice line team they're on 01892 349787 or info@autumna.co.uk
I'd treat your statement about trusts with suspicion it is not as easy as that .I have just dealt with a case taking me over 3 years to settle House had a trust contents were in a trust......but HMRC claimed and won their case that the individual had benefits in kind etc resulting in 483k tax bill.The tax inspector a very professional guy told me off record that they know every trick in the book and if they don't get it first time they will get from the next generation.His advice was simple ....give it away and live 7 years or just spend it in good time!,He Is totally correct !
People have run into a lot of trouble with trusts. Trust companies have gone bust and after the homeowners have died their children have been unable to sell. I personally would not touch that.
@@bertiewooster3326 What do you mean "give it away" ? Like I could just 'give' my house to my daughter? I thought you couldn't do that? (BTW my house is not worth enough to incur CGT. Though Starmer may yet make the threshold £4.52 )
@@hunchanchoc8418 I suggesting that you give what you really don't need for example if you have a good private or Government pension and your easily live within its value then why do you need a high level of investment give chunks of that away...pay off your kids mortgage fund your granddaughters university just buy them premium bonds etc but get rid of your surplus wealth asap it's the sure way to beat HMRC just do it asap As for your house downsize why do you need all those bedrooms living rooms etc then give surplus cash to your daughter the solutions are in your own hands...do nothing and your NOK or benefactors lose.
Its a joke how much it cost a week and its the same people that own these care homes .all governments need to stop wasting money and plan better .the next person in charge needs to have a businessman or woman and not a university twit
Why should others pay for your care if you have wealth in your home? I can't see why I should pay for YOUR care when I don't have much but YOU have a home? Bizzare
if you personally end up in care, then as you have nothing, you wont have to pay anything, not like the many who have sacrificed through life to have their own home only to lose it to the council. Is that fair.
@@studor6515 I don't' think you understand. You don't 'loose it to the council' It is sold to pay your care fees. Again I ask, why should I pay your or your parents care costs when they have property?
Sell it quick, go down to Ladbrokes and place the money on an outside bet. You’ll either come away very wealthy or probably lose it all- but then you will lose it all anyway in care home fees so it’s worth a gamble
Yeah, but if you pay you get your own toilet
Yes! Someone speaks the truth.. so spend everything you have and enjoy life... that makes you less worse than those who have screwed the system all their lives , and have everything paid for them.. the fact is as you become older the less you own / have the more you are rewarded... So spend and enjoy your money..other the State having taxed all your assets constantly throughout your life, will take it all as you die....such a wonderful Christian approach to its Citizens.......
If you have a child who 60 or over,and they live with you in your property,and are caring for you.then the local authority cannot take the property for care home fees,they cannot take your property for care home fees as its your childs home.Also you can still claim the 25% discount on your council tax bill as your child is caring for you.I will be moving in with my 85 year old mother very soon,as Im 61 years old.
I would rather kill myself than work all my life and do without things just to have some thieving care home owners steal it. If I had been aware of all this when younger, I would have frittered all my money away on holidays, plastic surgery, cars etc. All of us who have planned and saved did NOT do it to give to a tory thief.
I can assure you that our permaLiebour Welsh Government are at least as culpable.
Sure, Labour will be more generous! 😆😂🤣
They’re always generous until they run out of other people’s money to spend.
@@sirrathersplendid4825 The tories are stealing and spending other people's money on an hourly basis. I take it that you are one of those thieves.
Agree !
@@sirrathersplendid4825 All the money thieving processes have been put in place by tories. also, how much was stolen and passed on to tories with financial interests with track and trace? also, in the line of work I was in, I came across HUNDREDS of care homes and tory 'business people and met only a handful who were honest.
Hire a caregiver from the Philippines!
As i understand it the maximum amount you'll pay is around 85k after that you only needto pay for the food cost
Apologies for the slow response @onetone4561. I don't believe the £85k cap has been brought in yet, but if you wish to talk it through with our advice line team they're on 01892 349787 or info@autumna.co.uk
that has just been done away with
Give housing in your home in return for care. Have everything legally documented.
Do what other people do in other countries get your children to do the caring.
How will care actually be paid for? Tax payers will pick up the bill, as they should.
I will never go into care. When my active life is over and i cannot contribute or be useful.
My life will terminate.
Can you not just put the home in your child's name ?
Sign the house over to family befour you go down that route
Set up a trust then they can't touch your house job done
I'd treat your statement about trusts with suspicion it is not as easy as that .I have just dealt with a case taking me over 3 years to settle House had a trust contents were in a trust......but HMRC claimed and won their case that the individual had benefits in kind etc resulting in 483k tax bill.The
tax inspector a very professional guy told me off record that they know every trick in the book and if they don't get it first time they will get from the next generation.His advice was simple ....give it away and live 7 years or just spend it in good time!,He Is totally correct !
People have run into a lot of trouble with trusts. Trust companies have gone bust and after the homeowners have died their children have been unable to sell. I personally would not touch that.
@@bertiewooster3326 What do you mean "give it away" ? Like I could just 'give' my house to my daughter? I thought you couldn't do that? (BTW my house is not worth enough to incur CGT. Though Starmer may yet make the threshold £4.52 )
@@hunchanchoc8418 I suggesting that you give what you really don't need for example if you have a good private or Government pension and your easily live within its value then why do you need a high level of investment give chunks of that away...pay off your kids mortgage fund your granddaughters university just buy them premium bonds etc but get rid of your surplus wealth asap it's the sure way to beat HMRC just do it asap As for your house downsize why do you need all those bedrooms living rooms etc then give surplus cash to your daughter the solutions are in your own hands...do nothing and your NOK or benefactors lose.
Its a joke how much it cost a week and its the same people that own these care homes .all governments need to stop wasting money and plan better .the next person in charge needs to have a businessman or woman and not a university twit
Why should others pay for your care if you have wealth in your home? I can't see why I should pay for YOUR care when I don't have much but YOU have a home? Bizzare
if you personally end up in care, then as you have nothing, you wont have to pay anything, not like the many who have sacrificed through life to have their own home only to lose it to the council. Is that fair.
@@studor6515 Yes, that is 100% fair. You are not 'loosing it to the council' you are using it to pay for YOUR care
@@studor6515 I don't' think you understand. You don't 'loose it to the council' It is sold to pay your care fees. Again I ask, why should I pay your or your parents care costs when they have property?
There will not be enough younger people to look after those going into care in the next 10 to 20 years Even for the very rich
@@celibin09 Is that one of reasons for immigration into Europe and why euthanasia might become a thing in the near future?