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Centre for Policy on Ageing | |
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Interactions between state pension and long-term care reforms
— an overview | | Author(s) | John Adams, Chris Curry, Ferran Espuny-Pujol |
| Corporate Author | Care and State Pension Reform Team - CASPeR |
| Publisher | Pensions Policy Institute, London, November 2015 |
| Pages | 26 pp |
| Source | Download at: http://www.pensionspolicyinstitute.org.uk/casper |
| Keywords | Pensions ; Services ; Health services ; Long term ; Interaction [welfare services] ; Social policy ; United Kingdom. |
| Annotation | The Care and State Pension Reform Team (CASPeR) is a collaborative project between the Pensions Policy Institute (PPI), the University of East Anglia (UEA) and the Personal Social Services Research Unit (PSSRU) at London School of Economics and Political Science (LSE), funded over two years by the Nuffield Foundation, to investigate the long-term impacts of both long term care and state pension reforms and their potential interactions. In April 2016 major reforms to state pensions will be implemented in Great Britain. Reforms to the English long-term care financing system were also to be introduced in 2016, but have recently been postponed until 2020. This report assesses how reforms to the state pension and the English long-term care financing system interact to affect different groups. The report uses a number of hypothetical individuals in different circumstances (vignettes), to illustrate the effects of the state pension and long-term care reforms. All vignettes reach state pension age in April 2016, which will be 63 for women and 65 for men. The vignettes' combinations of earnings level, financial and housing wealth, pension accumulation and housing tenure are informed by analysis of the English Longitudinal Study of Ageing (ELSA). The report finds that those most likely to benefit from the reforms are homeowners and high / median income earners. Lower earning renters could lose out from the combination of reforms, if transitional protection is not introduced. (RH). |
| Accession Number | CPA-160226002 E |
| Classmark | JJ: I: L: 4Q: QK6: TM2: 8 |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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