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I worked until 67 to top up my pension – but then lost £200k to care home fees

HAYSIEHAYSIE Member Posts: 38,756
in The Rail

https://www.msn.com/en-gb/money/other/i-worked-until-67-to-top-up-my-pension-but-then-lost-200k-to-care-home-fees/ss-AA1D5KgU?ocid=msedgntp&pc=W230&cvid=02cb9993fec8444d8e1d35e00b68cf3d&ei=83
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Comments

  • mumsiemumsie Member Posts: 8,474
    I think having £200k to be used for a care home is putting pension to good use.
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  • EssexphilEssexphil Member Posts: 9,190
    edited April 17
    mumsie said:

    I think having £200k to be used for a care home is putting pension to good use.

    It is the only thing taxed at 100%.

    My parents left me £0. They had saved all their lives. But my father spent the last 10 years of his life in a Care Home. Which took all the proceeds of their house. All their savings. He was an alcoholic, so the last £16,000 went on Scotch.

    Do I object to receiving £0? Not at all. What annoys me is they could have spent £tens of thousands on holidays, memories and enjoyment. Spending money on themselves. And then got the Care for free.

    The Care Home didn't even send a card to, or send someone to attend his funeral
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  • HAYSIEHAYSIE Member Posts: 38,756
    Essexphil said:

    mumsie said:

    I think having £200k to be used for a care home is putting pension to good use.

    It is the only thing taxed at 100%.

    My parents left me £0. They had saved all their lives. But my father spent the last 10 years of his life in a Care Home. Which took all the proceeds of their house. All their savings. He was an alcoholic, so the last £16,000 went on Scotch.

    Do I object to receiving £0? Not at all. What annoys me is they could have spent £tens of thousands on holidays, memories and enjoyment. Spending money on themselves. And then got the Care for free.

    The Care Home didn't even send a card to, or send someone to attend his funeral
    The lack of a social care cap has been a running sore for as long as I can remember.
    The £86k cap that was due to be implemented in October, has been scrapped.
    A tragedy.
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  • EnutEnut Member Posts: 3,705
    I have a friend who was happily retired and doing a lot of work for the LTA as a tennis referee in her retirement, she's in her early 70's. In July last year she went into hospital for a knee operation, standard stuff so she thought, except she had a major stroke on the operating table and, as a result, was paralysed down her left hand side and now has very little speech. She was in the stroke recovery unit unit a few weeks ago when they told her that she had recovered as much as she was going to and needed to be moved to a nursing home. When she was told she mimed taking a pill and killing herself.

    So now the rest of her life will be spent in a secure unit where you need a code to enter the lifts and stairways, it's like the set of One Flew over the Cuckoos Nest. Her room overlooks the car park. Her lovely bungalow, her car and any possessions she has of value will be sold to fund her care with the State taking over when she runs out of money.

    She worked and paid tax all her life yet because of years of MPs failing to bring in a cap she will probably end up with £9,000 before the State covers the full cost of her care. Well that's probably enough for her funeral. The cost of providing her care on a monthly basis is similar to the cost of housing one asylum seeker in a hotel.

    That's a tragedy.

    Enjoy your bank holiday weekend people, nothing is guaranteed in life.

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  • Tikay10Tikay10 Member, Administrator, Moderator Posts: 176,347
    Enut said:

    I have a friend who was happily retired and doing a lot of work for the LTA as a tennis referee in her retirement, she's in her early 70's. In July last year she went into hospital for a knee operation, standard stuff so she thought, except she had a major stroke on the operating table and, as a result, was paralysed down her left hand side and now has very little speech. She was in the stroke recovery unit unit a few weeks ago when they told her that she had recovered as much as she was going to and needed to be moved to a nursing home. When she was told she mimed taking a pill and killing herself.

    So now the rest of her life will be spent in a secure unit where you need a code to enter the lifts and stairways, it's like the set of One Flew over the Cuckoos Nest. Her room overlooks the car park. Her lovely bungalow, her car and any possessions she has of value will be sold to fund her care with the State taking over when she runs out of money.

    She worked and paid tax all her life yet because of years of MPs failing to bring in a cap she will probably end up with £9,000 before the State covers the full cost of her care. Well that's probably enough for her funeral. The cost of providing her care on a monthly basis is similar to the cost of housing one asylum seeker in a hotel.

    That's a tragedy.

    Enjoy your bank holiday weekend people, nothing is guaranteed in life.



    Jeez, that's a sober reality-check.
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  • HAYSIEHAYSIE Member Posts: 38,756
    Enut said:

    I have a friend who was happily retired and doing a lot of work for the LTA as a tennis referee in her retirement, she's in her early 70's. In July last year she went into hospital for a knee operation, standard stuff so she thought, except she had a major stroke on the operating table and, as a result, was paralysed down her left hand side and now has very little speech. She was in the stroke recovery unit unit a few weeks ago when they told her that she had recovered as much as she was going to and needed to be moved to a nursing home. When she was told she mimed taking a pill and killing herself.

    So now the rest of her life will be spent in a secure unit where you need a code to enter the lifts and stairways, it's like the set of One Flew over the Cuckoos Nest. Her room overlooks the car park. Her lovely bungalow, her car and any possessions she has of value will be sold to fund her care with the State taking over when she runs out of money.

    She worked and paid tax all her life yet because of years of MPs failing to bring in a cap she will probably end up with £9,000 before the State covers the full cost of her care. Well that's probably enough for her funeral. The cost of providing her care on a monthly basis is similar to the cost of housing one asylum seeker in a hotel.

    That's a tragedy.

    Enjoy your bank holiday weekend people, nothing is guaranteed in life.

    Its not going to happen anytime soon.
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