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Advisers rail against May’s tax on elderly social care

So-called ‘dementia tax’ includes taxpayers’ homes for the first time when calculating cost of long-term care

IFAs also call for government to abandon proposed cuts to the MPAA and the tax-free dividend allowance

The Conservative Party’s plans to introduce a so-called ‘dementia tax’ as well as uncertainty surrounding the Finance Bill are the top concerns voiced by UK advisers ahead of the country’s general election on 8 June.

Speaking to International Adviser, Mark Hassall, director of UK-based IFA firm Moneyology, said: “The government needs to make its mind up if it really wants people to be less reliant on the state, in which case give incentives back for pensions.

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