The announcement by Theresa May that a Conservative government will increase the capital limit from £23,250 to £100,000 will be welcomed by many. But at what cost?

This is to be funded it seems from a requirement for much greater contributions towards the cost of non-residential care.

For many clients, this policy - when combined with appropriate estate planning - may take them out of scope of funding the full cost of their care.

It is still some way short of the recommended limit of £118,000 which is presently due to come in to force in 2020. Not that any one really believes this will ever come into force at all!