Alastair Black, Head of Industry Change at abrdn, comments on the Government’s announcement on the funding of long term care.
Alastair Black, Head of Industry Change at abrdn, says:
“While the decision to press ahead with the National Insurance levy may not be popular with everyone, at least it gives us some certainty.
“There is no doubt this announcement is a good thing for advisers and their clients as a clear commitment to tax funding will give them confidence for the first time that long term care planning will become more straightforward with tax parameters and personal expectations clearly known.
“This will help conversations with clients with the future prospect of long term care becoming an integral part of a financial plan.”
