REVEALED: State pension losers and winners from major National Insurance changes

REVEALED: State pension losers and winners from major National Insurance changes
 

Some of the worst affected will be Britain's lowest earners, who are set to see the cost of building up access to the full state pension quadruple from £2.85 a week to £14.45.
Under changes put in place by former chancellor George Osborne, Class 2 National Insurance Contributions (NIC) will be axed from April 2018.
It means self-employed workers earning less than £6,025 a year, who wants to qualify for the full state pension, and have no other means of building credits, will have to pay Class 3 contributions, which are four times the cost.
Tom Selby, senior analyst at AJ Bell, said:... read more

 
30 August 2017 in Business, Views: 51
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