National insurance will rise by 1.25% raising £36bn over three years to fund social care in England. The prime minister had promised in the 2019 manifesto not to raise national insurance contributions. Read more here:
He added that there will be a cap of £86,000 on what people will be asked to pay over their lifetime for care.
• That the government will fully cover the cost of care for those with assets under £20,000, and contribute to the cost of care for those with assets of between £20,000 and £100,000. The PM's official spokesperson said the change will make"the system fairer for all" and noted that working adults above pension age will also contribute to the new levy."The levy will be paid by working adults including those over the state pension age. From April 2022, while systems are being updated, NICs rates will rise by 1.25%," the spokesperson told reporters on Tuesday.
"Income tax is not paid by businesses, so the whole burden would fall on individuals, roughly doubling the amount that the basic taxpayer could expect to pay and the total revenue from capital gains tax amounts to less than £9 billion this year," he told the Commons. Health Secretary Sajid Javid warned the current five million-strong waiting list could spiral to 13 million people so it makes sense to target this first.
The introduction of a cap on social care costs will finally provide people with greater certainty about the future costs they may face.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Sarah Douglas celebrates 25 artist covers for 25 years of Wallpaper*To kick off Wallpaper’s 25th-anniversary celebrations, editor-in-chief Sarah Douglas selects 25 of her favourite artist-designed covers, from David Hockney to Virgil Abloh, Barbara Kruger to Yayo...
Læs mere »
Inside swingers resort where randy guests bonk on giant bed that fits 25 peopleWARNING: ADULT CONTENT: Secrets Hideaway, described as 'Florida's Adults Only Destination', caters for its guests' wildest desires - and a new Vice documentary gets a guided tour of its pool, rooms and kinky dungeon
Læs mere »
I fostered three teenage boys at the age of 25'Five years on, those same three boys are still with me today and I wouldn’t have it any other way.'
Læs mere »
25 of the best TV shows to binge on Disney+ all autumn, from Marvel greats to the new American Horror StoryAnd the best shows on Disney+ to watch in the meantime.
Læs mere »
Boris Johnson LIVE: PM issues stark plea to nation 'Protecting you from financial RUIN'BORIS JOHNSON has said the Government's plan to reform the social care system will relieve people of the fear of 'financial ruin' from 'catastrophic' care costs.
Læs mere »
Social care: What would a National Insurance rise mean for me?The government could raise National Insurance to help pay for social care in England.
Læs mere »