10 September 2021
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3 min read
The government’s increase in national insurance contributions to fund social care has provoked debate within the financial advice community; some see opportunities arising out of the government’s £86,000 cap on care contributions, while others say the fundamental advice offered to clients will not change.
On Wednesday (8 September), Boris Johnson announced there would be a 1.25% increase to national insurance tax to fund social care in the UK. Previously, if an assessment deemed an individual able to pay...
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