Employees could use the vouchers to pay for their own care, or their parents’

Tax-free vouchers like those used by parents to pay for childcare should be offered to encourage people to save towards long-term care costs, a company has proposed.

Eldercare vouchers could be used to build up a pot of savings to pay care home fees in later life or for domiciliary care at home under the plan.

Alternatively, employees could use vouchers to contribute towards current care costs for an elderly parent or another member of their family. Siblings could also pool their vouchers to pay care bills for one or both of their parents.

The plan has been suggested by Busy Bees, Britain’s largest group of nurseries, which developed the idea of childcare vouchers in the 1990s that was later adopted by the government.

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