Pensioners could face 8% levy on pay to help fund social care
manchestereveningnews.co.ukReforms for funding Social Care may involve removing the National Insurance exemption for working pensioners or potentially increasing Income Tax by 1p for all workers, as the government faces challenges in financing nursing care for Britain's ageing population.
These options were put forward by the government's social care advisor Sir Andrew Dilnot, who has voiced his criticism of consecutive governments for not addressing the persistent shortfall in care funding.
Labour has to present an alternative solution for social care finances as older individuals face the possibility of eroding their life savings to cover escalating care costs.
The Chancellor Rachel Reeves recently axed plans for a £86,000 cap on social care costs, triggering a burden of approximately £1.1 billion that will predominantly fall upon the sick and elderly.
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