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Could working pensioners be forced to pay 8% levy on pay to help fund Social Care? | Personal Finance | Finance [Video]

An exemption to paying National Insurance for working pensioners could be scrapped to help fund Social Care, it has emerged.

Alternatively, 1p could be added to Income Tax for all workers as government ministers struggle to find the cash to pay for the nursing care needed by Britain’s ageing population.

The proposals have been raised by government social care advisor Sir Andrew Dilnot, who has criticised successive governments for failing to tackle the crisis in funding.

Plans for a cap of £86,000 on social care costs have been scrapped by the Chancellor Rachel Reeves in a move that means a bill for around £1.1 billion will put on the shoulders of the sick and elderly.

Labour is now under pressure to come up with some sort of alternative to cover social care costs for the growing number of older people who will need support and risk losing their life savings …

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