So it's National Insurance then

[bluesp]

Re: So it's National Insurance then

So what's going to happen in NI, Scotland and Wales?

Sounds like they will get a population share of around £6billion between them, and the bit I didn't like... to spend as they see fit.

[dml1954]

Re: So it's National Insurance then

We desperately needed to make sure that pensioners with 500k+ wealth only need to spend a fraction of it on care? They can't spend it when you are dead and their 'kids' are already retirement age.

Sounds like the politics of envy there to me. Plus, just because you are living in a house worth over £500000 doesn’t mean you are rich. There are two or three bed semis in Cardiff worth that. Plus again that most pensioners have worked hard all their life, paid their taxes and National Insurance, and spent/saved their money prudently, so why should they have their property snatched off them later in life.

[dml1954]

Re: So it's National Insurance then

The richest in the UK made huge amounts of money on the back of the pandemic, why not tax them?

Answer - because the tories have been bought out by them and the average person from the UK decides its immigrants fault instead of the mega rich (thanks to the daily mail and the sun)

I would say that for every ‘rich’ person who has done well out of the pandemic, there are others that have lost loads of money or even their businesses.

[life on mars]

Re: So it's National Insurance then

Sounds like they will get a population share of around £6billion between them, and the bit I didn't like... to spend as they see fit.

Step up socialist minded Mr Drakeford , simple one waste the Tory right social care extra funding taxation , or spend it wisely

[Vindec]

Re: So it's National Insurance then

Having been through the existing system when I had to sell my parents house to pay Nursing Home fees these new arrangements are an improvement even though it is far from perfect. Whatever system anyone comes up with will generate objections but at least Johnson and co have grasped the nettle even though it breaks a major manifesto commitment.

[SLUDGE FACTORY]

Re: So it's National Insurance then

The social care system in this country has had it

The elderly population keeps living longer

And the people who work in care are paid crap wages

It's a tsunami

[SLUDGE FACTORY]

Re: So it's National Insurance then

Other way around, nobody will pay more than 85k

Well that's a surprise 😮

[JamesWales]

Re: So it's National Insurance then

Having been through the existing system when I had to sell my parents house to pay Nursing Home fees these new arrangements are an improvement even though it is far from perfect. Whatever system anyone comes up with will generate objections but at least Johnson and co have grasped the nettle even though it breaks a major manifesto commitment.

I think thats my thinking of it really. Although I havent been through the nursing home situation, my father is in his 70s and in poor health, so it's the medium term future for me.

[life on mars]

Re: So it's National Insurance then

The social care system in this country has had it

The elderly population keeps living longer

And the people who work in care are paid crap wages

It's a tsunami

Unless its funded from the public purse , taxpayers or as other countries do through separate insurance , as you righty point out folk are living and working longer that pulls on the purse strings as the elderly need greater support and care , we can't have it all ways Covid health funding ,vaccines , job / business support , has tipped the world of government funding on its head , extreme measure for extreme times .

I note the triple lock is going to be suspended or scrapped , this is a big balancing act .

[Undercoverinwurzelland]

Re: So it's National Insurance then

Social care definitely needs sorting as it's been underfunded for ages, but NI in it's current form is the wrong way to fund it.
Someone earning £20k a year will now pay 6.9% of their salary on NI, going up to 10.7% at £50k - fair enough, but then it starts to go down, with £100k earners paying 7% and £130k earners 6.1%.
Income from share dividends, investments and property are exempt from NI too.
Should be income tax, not NI.

[NottinghamBlue]

Re: So it's National Insurance then

Whatever system anyone comes up with will generate objections but at least Johnson and co have grasped the nettle even though it breaks a major manifesto commitment.

Yes, the first government to actually do something about the problem.

[lincoln blue]

Re: So it's National Insurance then

Ah yes - but it's only a 1.25% increase and not the 2% we were being told - or spun.

Employers pay the same amount so its 2.5% in total.

[B. Oddie]

Re: So it's National Insurance then

The richest in the UK made huge amounts of money on the back of the pandemic, why not tax them?

Answer - because the tories have been bought out by them and the average person from the UK decides its immigrants fault instead of the mega rich (thanks to the daily mail and the sun)

Yes.

[Doucas]

Re: So it's National Insurance then

I would say that for every ‘rich’ person who has done well out of the pandemic, there are others that have lost loads of money or even their businesses.

So you're saying wealth inequality has gotten better during the pandemic?

Do you have any sources to back that up?

[Grievous Angel]

Re: So it's National Insurance then

Employers pay the same amount so its 2.5% in total.

The spin doctors (via the media) told us that individual employeeswould pay 2% extra, so I don't see what point you're trying to make by bringing employers' NI into it.