Pensions & Social Care
Our Elderly Deserve to be Treated
with Dignity and Respect
Reform UK will ensure that our elderly people can live with dignity through long-term reforms funded by a growing economy.
CRITICAL REFORMS NEEDED IN THE FIRST 100 DAYS:
Commence Royal Commission of Inquiry into
Social Care System
A national plan is critical for a sustainable social
care system. The sector needs flexibility, tax
incentives, VAT breaks and less waste. Simplify
social care through a single funding stream,
instead of the split between NHS and Local
Authorities. More funding will be needed when
a national plan is agreed.
Stop the Offshore Taxpayer Rip Off
Some larger care home providers are avoiding tax on hundreds of millions of profits through complex
offshore property company structures and high
interest shareholder loans. This has to end.
THEREAFTER
Review Pension Provision
The current pension system is riddled with
complexity, huge cost and poor returns leading to
less uptake. Countries like Australia do savings and pensions much better and cheaper than we do and from a much younger age.
End the Mineworkers Pension Scandal
We accept the Business, Energy and Industrial Strategy Committee 2021 recommendations in full to amend the Mineworkers Pension Scheme arrangements so that all the scheme surpluses accrue to the Mineworkers.