National insurance contributions to rise
December 9, 2009 by admin
Filed under Career News and Advice
A rise in national insurance contributions will raise the Treasury about £3bn. Photograph: Corbis/Richard Baker
A typical worker earning about £25,000 a year will pay around £200 extra a year in national insurance contributions (Nics) from April 2011, in a move that will bring in £3bn for the Treasury.
In today’s pre-budget report the chancellor, Alistair Darling, announced a 0.5% increase in the rate of employee, employers and self-employed rates of Nics, which will come in on top of the 0.5% increase already announced in this year’s budget statement.
The move, which will bring in a sum around six times the one-off tax on bankers’ bonuses, will increase …
Read the original article at Guardian
