Make older workers pay more to get young into jobs, Tory MPs urge Therese Coffey, the MP for Suffolk Coastal, who originated the proposal, said that some of the extra revenue could also be passed on directly to low-paid young workers. Under-25s earning less than £20,000 a year should be given a National Insurance holiday, the report suggested. Ms Coffey said: "For those who choose to continue working they are doing the same job and then get a pay rise when they turn 65. One of the things I have found from talking to employers is that they are not so keen to take on young people and this would make it more attractive. When they take on somebody with 20 years of experience they are already really productive. I think in this challenging climate they are more likely to go for somebody with experience rather than somebody who is fresh. Ms Coffey said the NI holiday would be worth an extra £375 a year to an 18 year-old on the minimum wage of £4.98 an hour, while saving their employer £450. For a 21 year-old, it would be £675 a year and save the employer £800. Last month, a report by the Institute of Fiscal Studies found that pensioners had enjoyed the fasting rising incomes over the past decade. At the same time, it said, they would shoulder less of the burden of the Government's tax and benefit changes than working-age people. It found that while pensioners" incomes had risen by 29.4 per cent since 1999, those of younger people had risen by 26 per cent. Ms Coffey made the suggestions as part of a Free Enterprise Group paper Policy Bites, which has put forward seven proposals for the Government to help businesses grow. Another proposal was to establish "care ISAs," to encourage people to save tax-free towards the cost of any long-term care they will require in old age. By 2030, the cost of long term care for elderly and disabled adults is projected to more than double to £44.8 billion a year but surveys suggest that up to 97 per cent of people do not save to pay for support in old age. Most wrongly think social care - including support with daily tasks such as washing and dressing - is covered by the NHS, when it is only available free for the poorest in society. The Free Enterprise Group is made up of 39 Tory MPs, mainly from the 2010 parliamentary intake, who are particularly interested in the Government's efforts to stimulate economic growth.