Pension Triple lock and N.I. Contribution increase.

Discussion in 'Latest Hip News Stories' started by Vladimir Illich, Sep 7, 2021.

  1. Vladimir Illich

    Vladimir Illich Lifetime Supporter Lifetime Supporter

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    As ever, the bastard scumbag 'nasty party' have broken not one but two more election promises, firstly by increasing the National Insurance contribution rate allegedly to pay for the Social Care, and secondlt they have finally abandoned the triple lock on Retirement Pensions.

    What they could have done, but didn't is to increase the rate of Class 4 Contributions for top earners, but of course we know why they didn't do this don't we ???

    What is Class 4 National Insurance?
    Class 4 NICs 2020-21 2021-22
    Self-employed people start paying above £9,500 £9,568

    A lower rate above £50,000 £50,270
    Initial rate 9% 9%

    Rate above £50,000 2% 2%
     

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