All over-40s could be asked to pay an extra 1p of income tax under proposals to fund social care.

Andy Burnham has vowed to launch an NHS-style National Care Service, funded partly by scrapping the pension triple lock. Under proposals from former pensions minister Sir Steve Webb, additional funding could be raised by levying a ‘voluntary’ 1p levy on the income of all older people.

The idea would be modelled on pensions auto-enrolment, where the levy is automatically charged unless people opt out.

Read more: How a penny on over-40s’ tax could pay for new UK social care service