National Insurance

Discussion in 'Just Talk' started by Coloumb, Sep 3, 2021.

  1. Coloumb

    Coloumb Screwfix Select

    Looks like we will shortly ALL be taking a hit despite the promises in the Tory manifesto. Wasn't this idea of higher taxes proposed by Labour which is why no one voted for them? Weird.
     
  2. Baxi Boy

    Baxi Boy Active Member

    The Tories promised to raise the threshold for national insurance to the same as income tax,but raised it just £68 this year,saving just £8.16! I can’t see it getting to £12,570 by 2024 as promised! Likely to get a rise to 13% or more soon.Glad I have given up working so no longer pay it!
     
  3. Wayners

    Wayners Screwfix Select

    Self employed pay less tax in real terms than most and I set aside money as earn and have enough to cover tax bill for next 2 payments, just incase I fall ill or I get life troubles of some sort.

    I don't like tax like everyone else but budget for it in advance and it's only ever going up. Im expecting tax to rise over next few years along with national insurance and any other taxes
     
    Adamfya and candoabitofmoststuff like this.
  4. Bob Rathbone

    Bob Rathbone Screwfix Select

    Death and taxes are all certainties in life. My only advice is not to let the bill get large, pay it when it arrives and keep on top of it. The governments PAYE site is next to useless for finding out how much to pay, we use a site that costs £6 a month and does it all for us.
     
  5. Kas228

    Kas228 Screwfix Select

    Not unusual for parties to make claims and pledges to get the ‘votes’ at an election and then backtrack and do the complete opposite as soon as they are in. Been going on for decades !
     
  6. Baxi Boy

    Baxi Boy Active Member

    Very true and either say nothing hoping people forget,or have some lame excuse!
     
  7. DIYDave.

    DIYDave. Screwfix Select

    Well, I think that income tax going up was a fairly obvious likelihood to most, and/or VAT also a consideration

    A certain Mr Sunak has certainly been dipping heavily into his pockets over the last 18 months or so and they must be empty by now, ready to be refilled by some means

    The countries financial outgoings have been heavily hit by Corona, as well as all the usual ‘stuff’ that costs the country every single day, whilst new demands on budget crop up frequently

    This money has to come from somewhere and unlike certain other countries, can’t see our loans being simply written off after a period of time

    So, hit the workers in their pay packets - refill the government coffers - seems to be the obvious choice, regardless of what any politician may or may-not promise :mad:
     

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