MP calls for National Insurance surcharge for over-50s to pay for social care

Social care funding gap stands at £7bn

clock • 2 min read

Damian Green MP, chair of the all-party parliamentary group on adult social care and longevity, said a national insurance (NI) surcharge should be levied on over-50s to help to pay for social care.

The MP said the NI surcharge should be topped up with an insurance policy that could involve property wealth to solve the £7bn social care funding crisis. Speaking at a panel alongside the Equity Release Council, Pure Retirement and My Care Consultant, Green said: "There is a £7bn funding gap the government needs to fill to provide social care funding. "A NI surcharge for over-50s, topped up with an insurance policy that could involve property wealth, can be part of a long-term solution that is sustainable and fair across generations." Green's comments followed a week of speculatio...

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