Nationwide Insurance coverage contributions will likely be raised by 1.25 proportion factors with a purpose to fund Boris Johnson’s plans to repair what he says is a “damaged social care system”.
The prime minister, asserting to MPs how he pays for the reforms, mentioned dividend tax will even enhance by the identical quantity – with this levy designed to focus on those that personal shares.
Solely these with belongings over £100,000 will likely be anticipated to totally fund their very own care, however nobody pays greater than £86,000 for his or her social care, no matter their belongings.
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