Families are now self-funding care at a record level, with £7.74 billion paid for by families in the last year alone. This was a 95% rise on the £3.97 billion self-funded in 2007, showing the massive increase in care home fees that families are having to provide for. This drastic increase has not been mirrored
The Office of Tax Simplification (OTS) has proposed a shakeup of the current gifting rules in what many are seeing as a well-disguised tax grab. Currently, you can gift as much as you like during your lifetime, only triggering a tax charge on death if you have given away more than £325,000 in the last
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