British prime minister Theresa May has set out plans to significantly raise the threshold of personal assets at which people will be eligible for state help with residential care costs from £23,250 to £100,000 (€116,424, $129,396).
The UK government’s plan to dramatically increase probate fees has suffered a setback after British politicians announced that the measure could only be introduced with the consent of parliament.
Pension assets being passed on after death will not be subject to the 55% “death tax” from 6 April next year, following further pension amendments from the UK government.
