An Extraordinary Anomaly: why workers over state pension age should pay national insurance

Document type
Report
Corporate author(s)
Intergenerational Foundation
Publisher
Intergenerational Foundation
Date of publication
20 June 2018
Subject(s)
Social Policy, Older Adults, Poverty Alleviation Welfare Benefits and Financial Inclusion
Collection
Social welfare
Material type
Reports

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This report calls for a change in the UK National Insurance rules so that NICs are levied on all workers, regardless of age. According to figures calculated by the Intergenerational Foundation for this report, doing so would result in at least an extra £1.5 billion being raised. Whilst this money could be used in myriad ways, an obvious use for it would be to help meet the costs of Britain’s increasingly ageing population, and the additional burden this has placed on funding social care. Recognising that this is a sensitive issue, this report addresses the common arguments against abolishing age-dependent NICs exemptions.

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