Tax on Brits under 66 'set to rise 1%' in National Insurance hike to fund social care - News Summed Up

Tax on Brits under 66 'set to rise 1%' in National Insurance hike to fund social care


Sign up Thank you for subscribing We have more newsletters Show me See our privacy noticeWorking Brits under 66 face a tax hike of almost 1% to fund social care under bombshell plans being considered by Boris Johnson. But the proposal would smash a hole through the Tories’ 2019 manifesto pledge not to raise National Insurance, Income Tax or VAT until at least 2024. Self-employed people continue paying National Insurance after their retirement age, but for no more than a year. (Image: AFP via Getty Images)And Business Minister Paul Scully refused to rule out a National Insurance hike when questioned on multiple newspaper reports. “That’s not something I recognise,” said the minister, who has no responsibility for social care or the Treasury.


Source: Daily Mirror July 20, 2021 09:44 UTC



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