Politics Today

[Alistair20000]

Everyone affected, everyone contributes in my view. The low paid already contribute very little in income tax, and isn’t NI traditionally linked to paying for the NHS anyway?

Not correct. NIC does not apply to earnings of employed workers over pension age, nor to self employed profits of folk over pension age. Nor to pension income nor investment income.

Unless of course the scope of NIC is to be widened.

This rise will hit workers to allow the elderly to pass on more wealth to their sometimes undeserving children.

Put up Inheritance Tax instead to pay for this.

No applause from me for Bunter on this one.

 

[Alistair20000]

How much national insurance do high earners pay?

Basically 2% once a threshold is reached. NIC bears hardest on lower paid workers.

Here are the details.

National Insurance rates and categories

Class 1 National Insurance (NI) contribution rates for tax year 2020 to 2021, what NI category letters mean.

www.gov.uk

 

[manc grecian]

Basically 2% once a threshold is reached. NIC bears hardest on lower paid workers.

Here are the details.

National Insurance rates and categories

Class 1 National Insurance (NI) contribution rates for tax year 2020 to 2021, what NI category letters mean.

www.gov.uk

Thank you.

All in it together again

 

[Alistair20000]

It will be interesting to see how voters react to this.

Breaking a manifesto pledge on taxes rarely ends up well.

I wonder what Sir Keith will have to say ? Hopefully not just Yah Boo. He needs a serious alternative plan because this is an issue that needs to be faced having been ducked for years by governments of all the main parties.

 

[angelic upstart]

Everyone affected, everyone contributes in my view. The low paid already contribute very little in income tax, and isn’t NI traditionally linked to paying for the NHS anyway?

So many people don't pay NI or tiny amounts. If you earn over 9.5k you pay NI at 12% until you earn 50k, and it's drops to 2%.
Pensioners don't pay for NI and the self employed pay less (9% I think) and often £3 a week.

Being that social care is frequently including the elderly, it's difficult to see this as a fair way of doing things.

Frankly, the rates of indirect taxation in the UK are shameless and the people should be far more aware of how they're being shafted.

 

[LOG]

Has employer NI been mentioned in this? I've only seen references to employee NI.

 

[tavyred]

Not correct. NIC does not apply to earnings of employed workers over pension age, nor to self employed profits of folk over pension age. Nor to pension income nor investment income.

Unless of course the scope of NIC is to be widened.

This rise will hit workers to allow the elderly to pass on more wealth to their sometimes undeserving children.

Put up Inheritance Tax instead to pay for this.

No applause from me for Bunter on this one.

I think it reasonable for pension age folks after a lifetime of paying NI to be excused it in their later years, even if they are still gainfully employed.
The fact is we have a large amount of younger workers working part time in receipt of in work benefits and probably paying very little in the way of income tax to boot.
It’s an important principle in my view that everyone pays into the pot, even the low paid.

 

[manc grecian]

I think it reasonable for pension age folks after a lifetime of paying NI to be excused it in their later years, even if they are still gainfully employed.
The fact is we have a large amount of younger workers working part time in receipt of in work benefits and probably paying very little in the way of income tax to boot.
It’s an important principle in my view that everyone pays into the pot, even the low paid.

A ban on zero hours contracts incoming from The Conservative socialist party then. All these youngsters deliberately working part time

 

[Alistair20000]

I think it reasonable for pension age folks after a lifetime of paying NI to be excused it in their later years, even if they are still gainfully employed.
The fact is we have a large amount of younger workers working part time in receipt of in work benefits and probably paying very little in the way of income tax to boot.
It’s an important principle in my view that everyone pays into the pot, even the low paid.

NIC and Income Tax should be merged. Why should a worker pay NIC when a landlord does not on his rental income ?

I agree very much that everyone should pay in something. I did not agree with Gordon Brown when he got rid of the 10% starting tax rate.

 

[Alistair20000]

Has employer NI been mentioned in this? I've only seen references to employee NI.

No reference yet to Employer NIC but it is all media talk at present. Nothing official. No doubt leaked to test the reaction.