FINANCE
Boris Johnson’s National Insurance Increase - What Does it Mean?
September 9, 2021
PM Boris Johnson announced yesterday his plans of a UK-wide National Insurance tax increase of 1.25% from April 2022 to pay for health and social care.
His plan also caps what an individual living in England will pay towards social care at £86,000. The £86,000 cap only counts for the physical care the individual receives - daily living, food, bills etc will not be included. Nicola Sturgeon has yet to announce any plans to cap payment for social care in Scotland but is likely to address this soon.
Paying for care home fees is a pressing issue for many individuals and we understand you may be concerned about this. If you are worried about paying for care and would like advice on the matter, please get in touch.
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