National Insurance Contributions determine how much State Pension someone receives in retirement.
Millions of workers will receive a boost in their take-home pay from April 6 when the main rate of class 1 National Insurance deductions will be cut from 10 per cent to 8 per cent.
He added: “The Government believes the double taxation of work is unfair. That is why we’ve cut 4p from employee NICs in the last six months which will mean the average worker receives a tax cut worth £900 this coming year and why we are committed to ending this unfairness.” Top Money Stories Today And yesterday during the Department for Work and Pensions session in Parliament, the Secretary of State accused Labour of trying to “frighten pensioners” by scaremongering about the future of national Insurance contributions. But Mel Stride was unable to answer the Opposition’s questions about how the Government would calculate the State Pension without National Insurance.
Mr Stride responded: “I am not surprised that she brings this up, because I am very well aware of the position that her party has taken on the announcements that we have made. Latest State Pension News Ms Kendall insisted that Rishi Sunak had spoken of the ambition to scrap NICs to the Sunday Times newspaper, accusing Mr Stride of trying to “bluster and deny”.
Sign up to our Record Money newsletter and get the top stories sent to your inbox daily from Monday to Friday, including a special cost of living edition on a Thursday - sign up here.NEW - Get our money news alerts on your phone by joining our Daily Record Money WhatsApp community.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
New Triple Lock warning as expert says 'no magic money pot’ to pay State PensionThe State Pension is funded by National Insurance contributions from today’s workforce.
続きを読む »
Dizzying Exchange Over National Insurance Cut Sums Up Post-Budget ConfusionKate is a Senior Trends Reporter at HuffPost UK, covering the day's most compelling stories. She has worked in the national news since she became a qualified journalist and was previously a reporter with Express.co.uk
続きを読む »
Inside Labour’s election plan after Hunt’s national insurance bombshellThe Budget has left the two main parties' fiscal policies looking remarkably similar - but Labour will do its best to paint the Conservatives as untrustworthy
続きを読む »
New State Pension back pay update due this month for three groups of older womenThe current average State Pension arrears payouts range between £2,245 and £12,383.
続きを読む »
New State Pension rising to £884 each month for 3m older people in four weeksThe New and Basic State Pensions will rise by 8.5 per cent while additional elements will increase by 6.7 per cent.
続きを読む »
Labour government would aim to cut taxes, Rachel Reeves says, after Conservatives slash National InsuranceA Labour government would aim to cut taxes and let 'working people keep more of their own money,' Rachel Reeves has told LBC.
続きを読む »