Is the Dementia Tax a plan to make money for Theresa May and her husband?

Here’s an interesting possibility, mentioned today by a commenter to This Site:

“The other commercial opportunity: the dementia tax is a stealth incentive to take out equity release mortgages.”

I had to look up what an equity release mortgage is; being in social housing, I haven’t had the opportunity or the need to find out about this particular financial product. Here’s what I found, courtesy of

With a lifetime mortgage, you take out a loan, secured on your property, and receive that amount as a tax-free lump sum. You do not usually make monthly repayments. Instead, the interest “rolls up”, and the loan plus interest is repaid after your death, when the property is sold.

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