Theresa May is to ensure elderly people are longer forced to hand over their life savings to pay for social care – allowing them to leave far more to their families.

Radical changes to the way social care is funded will be included in the Conservative general election manifesto, launched by Tory leader Theresa May on Thursday.

Under the plans, elderly people will no longer have to contribute towards the cost of residential care or care at home once their assets, including the value of their home, fall below £100,000.

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