Editor’s Column: Better social care or a tax trap?

I have to confess to being in two minds about the key announcement from the Government this week about the rise in National Insurance and dividend taxation, ostensibly to pay for social care.

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NI increase will boost pension savings predicts Planner

The 1.25% National Insurance increase for employers and employees announced this week could boost pension saving by making salary sacrifice more attractive, Chartered Financial Planner Sean McCann has predicted.

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Planners react as PM announces dividend and NI rises

The Prime Minister has announced rises to dividend and share tax and a rise in National Insurance from April 2022 to address the funding crisis in the health and social care system.

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Govt considering NI increase to solve care crisis

Prime Minister Boris Johnson is considering increasing National Insurance to fund a long-term reform of social care, according to reports released this morning.

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