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 moneysupermarket.com:

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.

Full Story:

http://voxpoliticalonline.com/2017/05/21/is-the-dementia-tax-a-plan-to-make-money-for-theresa-may-and-her-husband/

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