Perhaps I’m missing the point here, but hitting the baby boomers will surely have a bigger impact on my children’s generation, rather than me.
So, if I eventually go into care and our savings and house value are used to pay for the care, where I can keep the £100,000.
In a lot of cases, the money for my care will be eaten up pretty quickly, the only people who will lose out on this will be my children.
The house will be sold, my children’s generation still won’t be able to afford it, and only the very wealthy will be able to buy it, and then rent it.
So, it would appear that it will be my children who will ultimately lose out financially, I’ll be scattered in the wind somewhere on the Afan trails.