A summary from the Telegraph.
http://www.telegraph.co.uk/finance/...L-have-to-sell-your-home-to-pay-for-care.html
http://www.telegraph.co.uk/finance/...L-have-to-sell-your-home-to-pay-for-care.html
Thanks again nitram, it's as I thought. The more I read about it the less I'm impressed. That's why I'm questioning my understanding. After all the fanfare I expected something clearer and of more obvious benefit to the majority of self-funders.
Trying not to be cynical, but as the article says this has been over-sold or at least over-simplified in the headline press and ministerial announcements. Sadly this is the case with too many government announcements, another recent example is the changes being made to the State Pension for people reaching retirement age from 2016.
The devil really is in the detail.