#nationalinsurance — Public Fediverse posts

https://www.europesays.com/britain/33312/ Rachel Reeves nightmare as UK ‘to lose 163,000 jobs’ | Politics | News #CostOfLiving #CostOfLivingCrisis #Economy #JOBCUTS #JobMarket #LabourParty #NationalInsurance #RachelReeves #RisingTaxes #Taxes #UK #UKJobLosses #UnitedKingdom

State Pension Under Fire: Confusion Over DWP Rules Leaves Millions Short

Millions of people may not get their full State Pension because they don't understand DWP rules. Check your forecast on gov.uk.

#StatePension, #DWPRules, #PensionShortfall, #NationalInsurance, #Retirement

https://newsletter.tf/dwp-state-pension-rules-confusion-millions-short/

Many people don't know they need 35 qualifying years for the full State Pension. Some could be missing out on thousands of pounds.

#StatePension, #DWPRules, #PensionShortfall, #NationalInsurance, #Retirement
https://newsletter.tf/dwp-state-pension-rules-confusion-millions-short/

At 27, I only have £5,000 saved for a pension

In our Pensions Crisis Coach series, we aim to help ease your retirement worries. Are you concerned you’re…
#NewsBeep #News #Personalfinance #AU #Australia #Business #Finance #nationalinsurance #Pensions #PersonalFinance #Retirement #subscribers
https://www.newsbeep.com/au/636701/

At 27, I only have £5,000 saved for a pension

In our Pensions Crisis Coach series, we aim to help ease your retirement worries. Are you concerned you’re…
#NewsBeep #News #Personalfinance #AU #Australia #Business #Finance #nationalinsurance #Pensions #PersonalFinance #Retirement #subscribers
https://www.newsbeep.com/au/636701/

https://www.europesays.com/ie/457971/ At 27, I only have £5,000 saved for a pension #Business #Éire #IE #Ireland #NationalInsurance #Pensions #PersonalFinance #PersonalFinance #Retirement #Subscribers

https://www.europesays.com/uk/923922/ At 27, I only have £5,000 saved for a pension #Business #Finance #NationalInsurance #Pensions #PersonalFinance #retirement #Subscribers #UK #UnitedKingdom

https://www.europesays.com/britain/13825/ How to fix Britain’s mad tax system #AndyHaldane #BankOfEngland #Britain #Business #ChrisEtherington #CouncilTax #DanNeidle #HMRC #IncomeTax #InheritanceTax #JamesQuarmby #JeremyHunt #NationalInsurance #News #oecd #RachelReeves #RobertSalter #StephensonHarwood #Tax #TaxPolicyAssociates #TaxSystem #Taxes #Treasury #UkTaxLaw #UkTaxPolicy #VAT

State pensioners forced to pay extra £4,000 before retiring – rip off | Personal Finance | Finance

The state pension rose by 4.8% on April 6, thanks to the triple lock. But something else also…
#NewsBeep #News #Personalfinance #AU #Australia #Business #Finance #nationalinsurance #NationalInsurancecontributions #PersonalFinance #StatePension #Statepensionageincrease #triplelock #WASPI #Waspiwomencampaign
https://www.newsbeep.com/au/594622/

https://www.europesays.com/ie/422439/ Older state pensioners given extra £5,759 DWP boost from April 6 | Personal Finance | Finance #Benefits #Business #DepartmentForWorkAndPensions(DWP) #DWP #Éire #IE #Ireland #NationalInsurance #NationalInsuranceContributions #Over80Pension #PersonalFinance #PersonalFinance #Retirement #StatePension #StatePensionEligibility

UK companies struggling to hire young people amid cost pressures, MPs told https://www.theguardian.com/society/2026/mar/11/uk-companies-struggling-to-hire-young-people-amid-cost-pressures-mps-told #YouthUnemployment #UkNews #EmploymentLaw #Unemployment #UkUnemploymentAndEmploymentStatistics #Business #RetailIndustry #UnemploymentAndEmploymentStatistics #YoungPeople #WorkCareers #Economics #Law #Money #NationalInsurance #MinimumWage

Martin Lewis issues state pension warning for Britons aged 40-73 as deadline looms: ‘Door shuts forever!’

Martin Lewis has issued a state pension warning to individuals between 40 and 73 years old to examine…
#NewsBeep #News #Personalfinance #AU #Australia #Business #Finance #MartinLewis #money #nationalinsurance #PersonalFinance #StatePension
https://www.newsbeep.com/au/529829/

https://www.europesays.com/ie/363848/ HMRC warning over new £2,000 cap – 3.3million pension savers hit | Personal Finance | Finance #2029PensionRules #Business #Éire #HMRC #IE #Investing #Ireland #NationalInsurance #NationalInsuranceCap #NationalInsuranceChanges #PENSION #PensionContributions #PersonalFinance #PersonalFinance #Retirement #SalarySacrifice #SalarySacrificeCap #savings #Taxes #UKGovernmentReform #UKPensionReform

https://www.europesays.com/uk/798329/ HMRC warning over new £2,000 cap – 3.3million pension savers hit | Personal Finance | Finance #2029PensionRules #Business #Finance #HMRC #Investing #NationalInsurance #NationalInsuranceCap #NationalInsuranceChanges #Pension #PensionContributions #PersonalFinance #retirement #SalarySacrifice #SalarySacrificeCap #Savings #Taxes #UK #UKGovernmentReform #UKPensionReform #UnitedKingdom

HMRC warning over new £2,000 cap – 3.3million pension savers hit | Personal Finance | Finance

Millions of workers across the UK are set to…
#NewsBeep #News #Personalfinance #2029pensionrules. #Business #Finance #HMRC #Investing #NationalInsurance #NationalInsurancecap #NationalInsurancechanges #Pension #pensioncontributions #PersonalFinance #Retirement #salarysacrifice #salarysacrificecap #Savings #Taxes #UK #UKgovernmentreform #UKpensionreform #UnitedKingdom
https://www.newsbeep.com/uk/452967/

"UK unemployment hits highest rate for nearly five years"

Whoever could have predicted that unemployment might rise after the government increased taxes on job creation?

The high unemployment rate in the 16-24 age group is particularly concerning.

https://www.bbc.co.uk/news/articles/c1l7pedyzjeo

#Unemployment #NationalInsurance #UKPolitics #UKEconomy

https://www.europesays.com/ie/322332/ Reached State Pension Age? How to stop NI payments and claim back tax from HMRC #Business #Class2Contributions #Éire #HMRevenueAndCustoms #IE #Ireland #MaintenancePayments #NationalInsurance #PersonalFinance #PersonalFinance #SelfAssessmentTaxReturn #SelfAssessment #StatePension #TaxAllowances #TaxReturn

Reached State Pension Age? How to stop NI payments and claim back tax from HMRC

Reaching State Pension age can bring big financial changes. Most people stop paying National Insurance (NI), even if…
#NewsBeep #News #Personalfinance #Business #Class2contributions #Finance #HMRevenueandCustoms #MaintenancePayments #NationalInsurance #PersonalFinance #SelfAssessmenttaxreturn #Self-Assessment #Statepension #TaxAllowances #taxreturn #UK #UnitedKingdom
https://www.newsbeep.com/uk/409911/

https://www.europesays.com/uk/744696/ Reached State Pension Age? How to stop NI payments and claim back tax from HMRC #Business #Class2Contributions #Finance #HMRevenueAndCustoms #MaintenancePayments #NationalInsurance #PersonalFinance #SelfAssessment #SelfAssessmentTaxReturn #StatePension #TaxAllowances #TaxReturn #UK #UnitedKingdom

https://www.europesays.com/uk/735394/ DWP State Pension payment dates in February based on two-digit code | Personal Finance | Finance #Benefits #Business #DWP #Finance #NationalInsurance #NationalInsuranceNumber #PaymentDates #PersonalFinance #StatePension #TripleLock #UK #UnitedKingdom

Budget 2025: New pension savings tax could cost workers more, experts warn

Workers could end up paying more to save for their retirement after the Chancellor confirmed a new pension savings tax in the Autumn Budget. From April 2029, anyone putting more than £2,000 a year into their pension through salary sacrifice will have to pay National Insurance contributions on the extra amount. National Insurance is the tax that funds state pensions and benefits, meaning workers will see less take‑home pay if they save above the cap.

The Treasury says the measure is designed to raise money as part of wider tax reforms. But pensions experts, consumer groups and campaigners warn it risks discouraging people from saving at a time when many households are already struggling with rising costs.

“Unpopular and disincentivising”

Salary sacrifice has been one of the simplest ways for workers to boost their pension pots, with both employees and employers saving on National Insurance.

Maike Currie, VP Personal Finance at PensionBee, said the change could undermine confidence in workplace pensions:

“Salary sacrifice is one of the most efficient ways for employees to save more for their future. Limiting the amount that can be contributed in this way is an unpopular move, disincentivising companies who provide workplace pensions and sending the wrong message to millions of basic rate taxpayers trying to save.”

Currie added that the government’s decision comes at a time when households are already under pressure, and that confidence in long‑term saving is vital to meeting retirement needs.

Industry and consumer concerns

Other industry figures echoed those concerns. Richard Knight, head of pensions at Burges Salmon, said the change “will hit employees who are trying to save responsibly” and adds complexity for employers, particularly smaller businesses.

Pensions UK, a national advocacy group, warned the cap could worsen Britain’s retirement savings gap. Executive Director Zoe Alexander said:

“Over half of savers are already on course to fall short of retirement income targets. Adding new costs to salary sacrifice risks widening that gap.”

Consumer campaigners pointed out that while the state pension will rise by 4.8% next April, frozen tax thresholds until 2031 mean more workers will be dragged into higher bands, reducing take‑home pay and pension affordability.

Treasury forecasts and government aims

The government argues the pension savings tax is necessary to protect revenues as more people use salary sacrifice to boost their pensions. The Office for Budget Responsibility (OBR) estimates the change will raise around £4.7 billion by 2031, money the Treasury says will help fund public services.

But analysts describe it as a “stealth tax,” warning that the measure will not only affect higher earners but also ordinary workers who try to save more than the £2,000 limit. Employers, too, will face higher National Insurance bills, reducing the incentive to offer generous workplace schemes. Critics say this risks undermining the very system designed to encourage long‑term saving.

What it means for savers

For employees, the change means salary sacrifice will remain in place, but its benefits will be capped. Anyone saving more than £2,000 a year through this route will see extra National Insurance taken from their pay packet, leaving them with less money each month.

Campaigners warn this could discourage workers from putting aside more for retirement, widening Britain’s savings gap. With Britain already facing a shortfall in pension provision, experts say stability and clear incentives are essential if the government wants people to keep saving for the future.

Related stories from Swansea Bay News

Autumn Budget 2025: Westminster leak, Welsh impact
Rachel Reeves’s Budget was overshadowed by an OBR leak and fierce Commons clashes — here’s what it means for Wales.

Autumn Budget 2025: Welsh parties clash over Reeves’s plans
Labour hails child poverty measures, Plaid warns Wales is shortchanged, Conservatives call it a “circus,” Reform and Lib Dems add criticism.

Autumn Budget 2025: What more than 100 possible tax changes could mean for South West Wales
From income tax rises to energy bill shifts, we break down how Budget reforms could affect households and businesses locally.

Tractors roll into Westminster as farmers protest Budget’s “family farm tax”
Farmers drove tractors into Westminster to protest inheritance tax reforms, warning of lasting damage to Welsh family farms.

#autumnBudget2025 #budget #money #nationalInsurance #ni #nic #obr #officeForBudgetResponsibility #pensionSaving #pensions #rachelReevesBudget #rachelReevesMp #salarySacrifice #savings #ukBudget2025

Reeves set to scrap pension tax breaks costing workers £210 a year | Politics | News

It is understood that Ms Reeves is considering limiting the National Insurance relief scheme to £2,000 per annum…
#NewsBeep #News #UnitedKingdom #autumnbudget #GB #GreatBritain #Labourtaxrises #NationalInsurance #pensioncontributions #pensiontaxrelief #Pensions #RachelReeves #retirementsavings #salarysacrifice #taxbreaks #Treasury #UK #workplacepensions
https://www.newsbeep.com/uk/284383/

Rachel Reeves looking to cap salary sacrifice contributions to £2,000 in Autumn budget

Reports in The Times and Financial Times this weekend said the chancellor would targ…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #autumnbudget #autumnbudget2025 #Business #chancellor #HMRevenueandCustoms #HMRC #nationalinsurance #Pensiontaxation #PersonalFinance #RachelReeves #salarysacrifice #SocietyofPensionProfessionals #SPP #Taxpolicy
https://www.newsbeep.com/us/283903/

Rachel Reeves looking to cap salary sacrifice contributions to £2,000 in Autumn budget

Reports in The Times and Financial Times this weekend said the chancellor would targ…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #autumnbudget #autumnbudget2025 #Business #chancellor #HMRevenueandCustoms #HMRC #nationalinsurance #Pensiontaxation #PersonalFinance #RachelReeves #salarysacrifice #SocietyofPensionProfessionals #SPP #Taxpolicy
https://www.newsbeep.com/us/283903/

https://www.europesays.com/ie/158308/ Rachel Reeves prepares raid on pension tax perks #Business #Éire #HMRC #IE #IncomeTax #Ireland #NationalInsurance #PensionContributions #PersonalFinance #PersonalFinance #RachelReeves #SalarySacrifice

State pensioners told check if they’re owed £8,300 in DWP back payments

An expert has advised older people to check to see if they could be owed a significant amount…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #DWP #HMRevenueandCustoms #HomeResponsibilitiesProtection #nationalinsurance #PersonalFinance #statepension #StatePensions
https://www.newsbeep.com/us/202853/

State pensioners told check if they’re owed £8,300 in DWP back payments

An expert has advised older people to check to see if they could be owed a significant amount…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #DWP #HMRevenueandCustoms #HomeResponsibilitiesProtection #nationalinsurance #PersonalFinance #statepension #StatePensions
https://www.newsbeep.com/us/202853/

https://www.europesays.com/uk/463979/ State pensioners told check if they’re owed £8,300 in DWP back payments #Business #DWP #Finance #HMRevenueAndCustoms #HomeResponsibilitiesProtection #NationalInsurance #PersonalFinance #StatePension #StatePensions #UK #UnitedKingdom

What is ‘job hugging’ and why are more UK workers doing it?

UK workers are “job hugging” and prioritising security over ambition, as confidence in the jobs market has weakened…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Jobs #ambition #autumnbudget #budgetannouncement #Business #EmploymentHero #nationalinsurance #prioritising #workers
https://www.newsbeep.com/us/143824/

What is ‘job hugging’ and why are more UK workers doing it?

UK workers are “job hugging” and prioritising security over ambition, as confidence in the jobs market has weakened…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Jobs #ambition #autumnbudget #budgetannouncement #Business #EmploymentHero #nationalinsurance #prioritising #workers
https://www.newsbeep.com/us/143824/

https://www.europesays.com/uk/410130/ What is ‘job hugging’ and why are more UK workers doing it? #ambition #AutumnBudget #BudgetAnnouncement #Business #EmploymentHero #jobs #NationalInsurance #prioritising #UK #UnitedKingdom #Workers

https://www.europesays.com/uk/405865/ State pensioners urged to take action with some owed £8,377 from DWP #Business #ChildBenefit #DWP #Finance #HMRevenueAndCustoms #NationalInsurance #NationalInsuranceNumber #PersonalFinance #StatePension #UK #UnitedKingdom

An ale star cast: pint-pulling Rupert Everett surprises country pub’s punters https://www.theguardian.com/film/2025/sep/06/pint-pulling-rupert-everett-surprises-country-pub-punters-wiltshire #Hospitalityindustry #Nationalinsurance #Taxandspending #RupertEverett #Lifeandstyle #Communities #Wiltshire #Business #Politics #Society #UKnews #Money #Pubs #Tax

An ale star cast: pint-pulling Rupert Everett surprises country pub’s punters https://www.theguardian.com/film/2025/sep/06/pint-pulling-rupert-everett-surprises-country-pub-punters-wiltshire #Hospitalityindustry #Nationalinsurance #Taxandspending #RupertEverett #Lifeandstyle #Communities #Wiltshire #Business #Politics #Society #UKnews #Money #Pubs #Tax

https://www.europesays.com/uk/390496/ Business needs the Chancellor to deliver an Autumn Budget that works for Northern Ireland – The Irish News #AutumnStatement #Budget #cbi #CorporationTax #Economy #NationalInsurance #NorthernIreland #RachelReeves #UK #UnitedKingdom

Lots in the UK media recently about the NI tax rises being the cause of many industries woes... Without mentioning other cost increases, changes in lifestyle (people are drinking less!) or that profitability is amazingly less affected...

The hospitality report referred to here doesn't mention that the rate of pub closures is actually declining, the industry as a whole is seeing 10% growth, and areas like catering are growing

https://www.bbc.co.uk/news/articles/c05ey2ypp92o

#NationalInsurance #UKTax #UKBusiness

UK colleagues: a quick reminder to check and (perhaps) boost your state pension before 5th April '25.

You can 'buy back' any missing national insurance years from 2006 to 2018 until that deadline. After that, you'll only be able to buy back the last six financial years.

https://www.gov.uk/check-national-insurance-record

#StatePension #UK #UKFreelancer #Freelancer #xl8 #NationalInsurance

UK colleagues: a quick reminder to check and (perhaps) boost your state pension before 5th April '25.

You can 'buy back' any missing national insurance years from 2006 to 2018 until that deadline. After that, you'll only be able to buy back the last six financial years.

https://www.gov.uk/check-national-insurance-record

#StatePension #UK #UKFreelancer #Freelancer #xl8 #NationalInsurance

UK colleagues: a quick reminder to check and (perhaps) boost your state pension before 5th April '25.

You can 'buy back' any missing national insurance years from 2006 to 2018 until that deadline. After that, you'll only be able to buy back the last six financial years.

https://www.gov.uk/check-national-insurance-record

#StatePension #UK #UKFreelancer #Freelancer #xl8 #NationalInsurance

UK colleagues: a quick reminder to check and (perhaps) boost your state pension before 5th April '25.

You can 'buy back' any missing national insurance years from 2006 to 2018 until that deadline. After that, you'll only be able to buy back the last six financial years.

https://www.gov.uk/check-national-insurance-record

#StatePension #UK #UKFreelancer #Freelancer #xl8 #NationalInsurance

UK colleagues: a quick reminder to check and (perhaps) boost your state pension before 5th April '25.

You can 'buy back' any missing national insurance years from 2006 to 2018 until that deadline. After that, you'll only be able to buy back the last six financial years.

https://www.gov.uk/check-national-insurance-record

#StatePension #UK #UKFreelancer #Freelancer #xl8 #NationalInsurance

Just a quick reminder/observation that; in the #UK there is no #NationalInsurance Employers contribution for #apprentices aged 25 or under who earn less that £50k

So, if you use #apprenticeships as part of your #skills portfolio, either by recruiting fresh #talent or #upskilling some of your existing staff, you could be saving 15% (from April '25) on your payroll costs, for the duration of their programme.

I've got a varied and growing suite of courses on offer:

https://www.aru.ac.uk/study/degree-apprenticeships/apprentice/our-courses

People are poorer than at the last election and all Hunt can do is hope | Larry Elliott | The Guardian
https://www.theguardian.com/politics/2024/apr/07/people-poorer-than-last-election-all-jeremy-hunt-can-do-is-hope

#Hunt
#Poverty
#LivingStandards
#GE
#GodalmingAndAsh
#Constituency
#BankOfEngland
#HousePrices
#Wages
#Inflation
#NI
#NationalInsurance

Tax cuts will plunge thousands into poverty, warn think tanks ahead of spring Budget
https://www.msn.com/en-gb/money/other/tax-cuts-will-plunge-thousands-into-poverty-warn-think-tanks-ahead-of-spring-budget/ar-BB1jgZGa?cvid=1eec0a3320b645d3a6f02385e95cea8e&ocid=winp2fptaskbarhover&ei=6

#Poverty
#TaxCuts
#Budget
#NationalInsurance
#NI
#Hunt
#CutsToServices
#InstituteForPublicPolicyResearch
#IPPR
#NewEconomicsFoundation
#NEF
#UniversalCredit
#UC
#IMF
#InstuteForFiscalStudies
#OBR
#GPs
#Dentists
#ResolutionFoundation
#Jones
#LibDems
#Olney
#Treasury

Tax cuts will plunge thousands into poverty, warn think tanks ahead of spring Budget
https://www.msn.com/en-gb/money/other/tax-cuts-will-plunge-thousands-into-poverty-warn-think-tanks-ahead-of-spring-budget/ar-BB1jgZGa?cvid=1eec0a3320b645d3a6f02385e95cea8e&ocid=winp2fptaskbarhover&ei=6

#Poverty
#TaxCuts
#Budget
#NationalInsurance
#NI
#Hunt
#CutsToServices
#InstituteForPublicPolicyResearch
#IPPR
#NewEconomicsFoundation
#NEF
#UniversalCredit
#UC
#IMF
#InstuteForFiscalStudies
#OBR
#GPs
#Dentists
#ResolutionFoundation
#Jones
#LibDems
#Olney
#Treasury

What's that you say? Employers don't pay #NationalInsurance on #apprentices aged under 25 in England?

Rachel Reeves accused of not knowing how state pension works
https://www.msn.com/en-gb/money/other/rachel-reeves-accused-of-not-knowing-how-state-pension-works/ar-BB1jT5g6?cvid=f31200ee79d6493e9df43a20ed0cbdd3&ocid=winp2fptaskbarhover&ei=6

#Reeves
#StatePension
#Hunt
#NationalInsurance
#NI
#NationalInsuranceContibutions
#NICs
#NICsNotRingfenced
#Tories
#Labour

Rishi Sunak: I’ll slash benefits to fund plan to scrap national insurance | The Independent
https://www.independent.co.uk/news/uk/politics/rishi-sunak-benefits-national-insurance-b2510044.html

#Sunak
#Benefits
#BenefitCuts
#NationalInsurance
#NI
#Tories
#Hunt
#WarOnThePoor
#NationalInsuranceContibutions
#NICs
#Labour

Autumn statement – latest: Jeremy Hunt cuts national insurance but tax burden set to hit post-war high | The Independent
https://www.independent.co.uk/news/uk/politics/autumn-statement-budget-2023-tax-cuts-hunt-b2451456.html

#Hunt
#AutumnStatement
#NI
#NationalInsurance
#OfficeForBudgetResponsibility
#OBR
#Pensions
#NationalLivingWage
#Mobility
#MentalHealth
#MH
#Labour
#Tories

#NationalInsurance cut to kick in but more pay #tax - BBC News -

Combining the impact of the thresholds freezes and the NI cuts, independent think tank the #InstituteForFiscalStudies (#IFS) estimates that for every £1 given back to workers (including the self-employed) this year by the NI cuts, £1.30 will have been taken away due to the threshold changes between 2021 and 2024, with this rising to £1.90 in 2027.
https://www.bbc.co.uk/news/business-68722934
#ToryPoliciesInAction #TakeFromPoorGiveToRich