IFS: Private pension changes could generate Dilnot revenue

A paper by Nuffield Health for the Institute of Fiscal Studies said the introduction of Dilnot's proposed care cap of £35,000 would cost government around £1.4 billion for elderly care alone. Better-off pensioners could shoulder the costs with a reformation of the tax and benefit system. The report has said: "Although it is probably desirable from the government's perspective to encourage individuals to save for a pension, it is questionable whether the current system does this in the most efficient way." It argues if national insurance was implemented on employer's pension contrib...