National Insurance, a 100-year old charge on employers and employees, will be renamed “earnings tax, the Chancellor has signalled.
The change, which will be proposed in legislation to be published on Tuesday, is the first step towards merging income tax with National Insurance.
What difference will it make to how much they take off us all ?
National Insurance to be changed.
National Insurance to be changed.
I thought I knew more than this until I opened my mouth
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Oscar Namechange
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- Joined: Wed Jul 30, 2008 9:26 am
National Insurance to be changed.
I think just by evolution, everything changes and gets over-hauled now and then.
It may be a good thing... I'm more cynical.
I'm wondering with Cameron's drive to end NHS Tourism, the move Is to ensure that only those working In this country can get medical treatment on the NHS. By linking the two, contributions under ' earnings tax' could take on a whole new meaning.
It may be a good thing... I'm more cynical.
I'm wondering with Cameron's drive to end NHS Tourism, the move Is to ensure that only those working In this country can get medical treatment on the NHS. By linking the two, contributions under ' earnings tax' could take on a whole new meaning.
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
National Insurance to be changed.
Bruv;1448873 wrote: National Insurance, a 100-year old charge on employers and employees, will be renamed “earnings tax, the Chancellor has signalled.
The change, which will be proposed in legislation to be published on Tuesday, is the first step towards merging income tax with National Insurance.
What difference will it make to how much they take off us all ?
The big difference between income tax and national insurance is that employers also pay national insurance on the income of all of their employees. When they merge the two does that stop or do the employers pay towards the income tax portion as well?
The other difference is the way it's banded - go a penny over the lower earnings limit and you pay that band's percentage on the whole of your income. If they applied that to income tax it would decimate the take home pay of the low earners.
The change, which will be proposed in legislation to be published on Tuesday, is the first step towards merging income tax with National Insurance.
What difference will it make to how much they take off us all ?
The big difference between income tax and national insurance is that employers also pay national insurance on the income of all of their employees. When they merge the two does that stop or do the employers pay towards the income tax portion as well?
The other difference is the way it's banded - go a penny over the lower earnings limit and you pay that band's percentage on the whole of your income. If they applied that to income tax it would decimate the take home pay of the low earners.
National Insurance to be changed.
Ah Ha......more to this than first meets the eye.
I thought I knew more than this until I opened my mouth
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Oscar Namechange
- Posts: 31840
- Joined: Wed Jul 30, 2008 9:26 am
National Insurance to be changed.
Bryn makes a good point... how will employers contribution stand. Hmmmm
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
National Insurance to be changed.
We have a party in power who is opposed to the Principe behind national insurance the nhs or indeed any reform that was due to the socialist movement in this country. The next step is to do away with state pensions - which are financed through national insurance as is the NHS and many benefits like unemployment benefit and the like. It's all part of the plan to persuade people that the concept that all are entitled to medical care regardless of wealth and that there should be a safety net for those in financial difficulty no longer exist - are the moment there is a clear differentiation in funding for state benefits like the nhs, roll it all in top one and it gets easier to cut.
Not that I'm cynical or anything. If theb tories win the next election it's goodbye to the welfare state and hello you are on your own jack.
There is no such thing as community remember who said that. The notion that there should be any kind of national system to help people in dire straits or in need of medical care is anathema to tory boys and new labour are so far up their own backsides they can;t see the light at the end of the tunnel.
Not that I'm cynical or anything. If theb tories win the next election it's goodbye to the welfare state and hello you are on your own jack.
There is no such thing as community remember who said that. The notion that there should be any kind of national system to help people in dire straits or in need of medical care is anathema to tory boys and new labour are so far up their own backsides they can;t see the light at the end of the tunnel.
National Insurance to be changed.
gmc;1448891 wrote: ............and new labour are so far up their own backsides they can;t see the light at the end of the tunnel.
Was the pun intended?
It tickled me.
Was the pun intended?
It tickled me.
I thought I knew more than this until I opened my mouth
National Insurance to be changed.
gmc;1448891 wrote: We have a party in power who is opposed to the Principe behind national insurance the nhs or indeed any reform that was due to the socialist movement in this country. The next step is to do away with state pensions - which are financed through national insurance as is the NHS and many benefits like unemployment benefit and the like. It's all part of the plan to persuade people that the concept that all are entitled to medical care regardless of wealth and that there should be a safety net for those in financial difficulty no longer exist - are the moment there is a clear differentiation in funding for state benefits like the nhs, roll it all in top one and it gets easier to cut.
Not that I'm cynical or anything. If theb tories win the next election it's goodbye to the welfare state and hello you are on your own jack.
There is no such thing as community remember who said that. The notion that there should be any kind of national system to help people in dire straits or in need of medical care is anathema to tory boys and new labour are so far up their own backsides they can;t see the light at the end of the tunnel.
That might have been the case in the early days but all of the money now goes into the Treasury pot - it's not ring fenced for a specific use, just as the road fund tax is not ring fenced for the upkeep of the roads any more.
Not that I'm cynical or anything. If theb tories win the next election it's goodbye to the welfare state and hello you are on your own jack.
There is no such thing as community remember who said that. The notion that there should be any kind of national system to help people in dire straits or in need of medical care is anathema to tory boys and new labour are so far up their own backsides they can;t see the light at the end of the tunnel.
That might have been the case in the early days but all of the money now goes into the Treasury pot - it's not ring fenced for a specific use, just as the road fund tax is not ring fenced for the upkeep of the roads any more.
National Insurance to be changed.
Bruv;1448894 wrote: Was the pun intended?
It tickled me.
of course.
posted by bryn mawr
That might have been the case in the early days but all of the money now goes into the Treasury pot - it's not ring fenced for a specific use, just as the road fund tax is not ring fenced for the upkeep of the roads any more.
very true that's so they can pinch it for other uses if people realised there was actually enough money for the nhs they might not buy in to this myth we need to cut back on it while still being able to afford trident and the like.But you still need to have had the employers contribution to be entitled to unemployment benefit and the second state pension. (the self employed are not eligible)
It tickled me.
of course.
posted by bryn mawr
That might have been the case in the early days but all of the money now goes into the Treasury pot - it's not ring fenced for a specific use, just as the road fund tax is not ring fenced for the upkeep of the roads any more.
very true that's so they can pinch it for other uses if people realised there was actually enough money for the nhs they might not buy in to this myth we need to cut back on it while still being able to afford trident and the like.But you still need to have had the employers contribution to be entitled to unemployment benefit and the second state pension. (the self employed are not eligible)