The Clare Chair of the IFA has hailed a move to dramatically reduce the financial burden on farmers who retire to nursing homes as a massive step in the right direction.
Under the previous rules of the Fair Deal Scheme, farmers and those who are self employed were forced to set aside 7.5 percent of the value of their assets annually to fund nursing home care.
But for homeowners, this was capped at three years – meaning farmers were forced in some cases to sell off assets to fund care, something homeowners weren’t faced with.
- Advertisement -
Now, the rules have been changed meaning farmers and self-employed people are treated the same as others, something Willie Hanrahan has been telling Clare FM’s James Mulhall is a great relief:
