National Insurance: young people and lower earners hit the hardest

Yesterday, MPs voted to approve raising employees’ National Insurance Contributions (NICs) by 1.25 percentage points, breaking a key manifesto promise not to raise taxes. While the government marketed the rise as “progressive”, in reality it is an intergenerationally unfair tax reform which will affect younger generations the most. Lizzie Simpson, IF Researcher, explains. A regressive… Read more »

Why we need to teach young people about tax

In this article for the Intergenerational Foundation, Carla Hoppe, Founder of Rethink Tax, explains why we need to talk to young people about tax, and how changes to our tax system could further the cause of intergenerational equality. “… Even just 10 minutes, just 10 minutes!” Comedian Tom Allen made the crowd at Live at… Read more »

National insurance, intergenerational fairness and paying for social care

Robert Ashton looks at how National Insurance could be changed for the better, raising more money to pay for social care without penalising younger generations, many of whom are already paying a greater part of their incomes than previous generations on high rents and student loan repayments. How can we make National Insurance work better… Read more »

The need to create a new property tax deal that benefits younger generations

In this contribution to IF’s Worldwide Blog Week, Andrew Dixon, Founder of Fairer Share, a UK-based property taxation campaign group, argues that now, more than ever, we need a new property tax deal that benefits younger generations Housing is an essential tool for achieving intergenerational fairness. However, it is clear that young people hoping to… Read more »

Generation Covid: how can we build back better and fairer across generations?

In this article, Tan Suee Chieh, Immediate Past-President of the Institute and Faculty of Actuaries, explains how young people globally could become a “lost generation” unless policy shifts towards prioritising the long term. During a war it is usually the young who are sent to do the fighting. If you view the pandemic as a… Read more »