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.