Should policy reform replace the Bank of Mum and Dad?
The House of Lords Committee on Intergenerational Fairness and Provision has called on the government to make society fairer by supporting younger people in employment and the provision of housing, rather than leaving many to rely on help from the Bank of Mum and Dad.
The Committee’s recommendations included requiring better-off workers over the State Pension age to pay National Insurance Contributions while they work, and a review of the triple lock on State Pensions, free TV licences, free bus passes and winter fuel subsidies.
The content of the articles are for general information and use only and are not intended to address your particular requirements. Decisions should not be taken based solely on the content of the website and individual advice should be sought first. Articles should not be relied upon in their entirety and shall not be deemed to be, or constitute, advice. Regulations, levels and bases of taxation are subject to change. Content is aimed at UK residents over 18 years of age. The firm is not responsible for the content of external links (where applicable)