Emergency Budget: National Insurance increases

The National Insurance contribution rate rises proposed by Mr Darling will take effect next April, as confirmed by the Press Notice issued after today's Budget.

Both the 1% rise for employees and employers will be introduced as planned, although the government stated that it intended to abolish these rises as part of the general election campaign.

Continued...

» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.

Comments
abelljms's picture

NIC is a nick

abelljms | | Permalink

"To mitigate the effect of the changes, there will be a significantly above inflation rise in the employer threshold for NIC from April 2011, the entry point for contributions rising by £21 above indexation" - scuse me.

  significantly = LOADS

compared to cancelling the 1% increase it is weeing in the wind?

come next april there will gnashing from the serfs, and the men on yachts......

 

 

davidwinch's picture

Decimal point?

davidwinch | | Permalink

A reduction from £5.12 to £2.62 doesn't look like a reduction of only 4.9% to me.

I think you mean 48.8%.

David

NI Class 4

pressco | | Permalink

Have the personal allowance and Class 4 lower limit been aligned?

 

I can't see it anywhere at the moment.