Pensioners could face added tax to heal 'intergenerational divide'

The report ‘A New Generational Contract' analysed intergenerational challenges the country faces and set out policy programmes to tackle them. One of the policies suggested was making earnings of those above state pension age subject to National Insurance (NI) contributions. The report suggested this would raise some £2.3bn to go towards funding the NHS. Meanwhile, an additional £2.3bn raised from a reformed taxation of property alongside an increase in property-based contributions would go towards funding social care costs, but with limits so nobody pays more than a quarter of their ...