In 2008 there were 700,000 people with dementia in the UK. That number is rising rapidly and is projected to be over 1 million by 2025. One in three people over 65 will end their lives with a form of dementia. In 2008 there were 580,000 people with dementia needing Carers in England.
Not all Dementia Sufferers are home owners. For the age group most likely to suffer Dementia 71.6% (45-75+) of the population do own their own home. The average home is worth £215,847 at 2017 prices. So, of the one million people with dementia by 2025, 716,000 will be sitting on assets worth a total of £154Bn.
Imagine being able to take ownership of £154Bn of assets simply by waiting ten years. That is the Dementia Tax. By 2027 those who are currently suffering from even mild dementia symptoms will have to pay for care as the value…
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michaelsnaith 