Thread: Budget
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Old 10-03-2017, 23:57   #37
nomadking
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Re: Budget

Quote:
Originally Posted by Hugh View Post
You should be in marketing or politics - empty sound bites, no factual back up....
Quote:
The IFS said the chancellor's 2% increase in NICs for the self employed closed a small fraction of the gap between employees and the self employed.
Quote:
The government says this was traditionally down to a lesser entitlement to benefits and pensions, but that these disparities have mostly been removed, so the difference in rates is unfair
Quote:
In April 2016, self-employed people were given rights to the state earnings-related pension scheme, which offers an extra £1,890 annually to those who have made 35 years of contributions – providing a boost of £37,500 over a 20-year retirement.
However, the combined changes in NIC contributions announced in the spring budget will cost a self-employed person just £193 each year, equating to £7,720 over a 40-year working life.
£193/year with a return of £1,890/year. How is that not a good deal?
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