Centre for Policy on Ageing



Funding future care need — the role of councils in supporting individuals to access the capital in their homes
Author(s)	Sarah Pickup
Corporate Author	Resolution Foundation
Publisher	The Resolution Foundation (electronic format only), London, March 2010
Pages	36 pp
Source	The Resolution Foundation, 2 Broomhouse Lane, London, SW6 3RD. Download at: http://www.resolutionfoundation.org
Keywords	Home equity release schemes ; Finance [care] ; Local Authority ; Needs [elderly] ; Reports.
Annotation	Despite having below average household income, many older low earners own their own home, as such, where they are deemed by their local authority to qualify for care, they often fail the means test and therefore find themselves in a funding gap: too asset-rich to get state assistance, but too income poor to adequately self-fund their care needs. An expert group looked at details of the workings and failings of existing local authority powers regarding housing and long-term care funding, and this report analyses the options for reform. This report is published alongside a second paper, 'Home equity: accumulation and decumulation through the life cycle', also available from the Resolution Foundation website. (RH).
Accession Number	CPA-100401206 E
Classmark	WQB: QC: PE: IK: 6K
Data © Centre for Policy on Ageing

...from the Ageinfo database published by Centre for Policy on Ageing.