Charging For Residential Accommodation Guidelines
EDM number 1190 in 2006-07, proposed by Timothy Farron on 21/03/2007.
That this House notes with concern that independent savings accounts and savings in personal equity plans which are created with the specific purpose of paying off a mortgage are taken into account under the Department of Health's Charging for Residential Accommodation Guidelines as capital; further notes that this creates a disincentive for prudent financial management and is a cause of severe and unexpected financial hardship to people in vulnerable circumstances; and urges the Government to re-examine its guidelines with a view to protecting people.
This motion has been signed by a total of 22 MPs.
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