SIR – Extra taxation on savers to fund the NHS and care-home fees is bizarre.

Some paying the extra tax may have been motivated to save in order not to depend on the state in their old age. Now achieving that objective will be undermined.

Others will be care-home residents, now having to make a higher tax contribution to fellow residents' costs. 

Barry Legg
Chairman of the Treasury Select Committee 1992-97
London SW1