State Pension BOMBSHELL: Brits may end up paying National Insurance even AFTER retirement :

PENSIONERS should not rule out continuing to pay National Insurance contributions in order to close the social care gap, a leading economist has warned.

Sir Andrew Dilnot, who carried out a government review into funding for support in 2010, said people in the UK could continue to pay into the system even after retirement to help deal with the shortfall.

Speaking BBC Radio 4’s Today programme, he said it was “perfectly plausible” people of working age today could end up paying National Insurance contributions when they retire.

He said: “We have to think of this as a whole, we have to think of all of the ways in which pensioners are supported, all of the ways in which they pay tax and think of the fairest and most effective way of putting all that together.

“I don’t think we should completely rule that [paying National Insurance contributions] out, I don’t think we could think of imposing National Insurance contributions at anything like their full rate on people who are already beyond retirement age because that wasn’t the deal that they signed up to.

“But saying to younger generations ‘it’s possible you might have to make a contribution that continued beyond your retirement to help pay for, for example, the cost of a social insurance [or] social care’ seems perfectly plausible.”

The expert, who oversaw the Government’s Commission of Care and Support under the coalition, also blasted Theresa May for reportedly suggesting the introduction of vouchers to address social care provisions.

The Prime Minister had hinted the Tory manifesto would address the issue as politicians could not longer “duck the issue” and that she had been working on a “long-term solution”.

But Sir Andrew said he was “puzzled by the suggestion” and that the public “should always be very wary”.

READ MORE : EXPRESS

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4 Comments

  1. If national insurance contributions had been ringfenced from the start, there would probably be a better care system in place. However, governments past and present have dipped into the pot and squandered it.

    Liked by 1 person

  2. theres only a shortfall because the tories are dipping into our tax pot to give their mates greater tax breaks hmmm

    Like

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