Secret Steal Of Our NI Contributions

DecentLivingWage

Osborne thinks we are stupid and wont notice his last ditch attempts to bolster weakening government finances to grab some cash for his votewinning 'cunning plans.'

For example he plans to shmooze pensioners with changes to the state pension will bring him a secret slush fund of almost £6bn a year from 2016-17, mostly paid by those of us in the public sector, employers and employees as higher national insurance contributions.

Our desperate chancellor has also conjured up ideas to get hold of new savings from the public sector salaries by stopping the cherished “pay progression” depended upon by millions of us hardworking and low paid vocation-oriented families.

Sorry its a paywall but here it is:http://www.ft.com/cms/s/0/e125b276-8fed-11e2-ae9e-00144feabdc0.html#axzz2Nxv8XsRw

chewmylegoff

So a bit like when Gordon Brown removed the dividend tax credit, or when he kept increasing NI contributions whilst claiming he wasn't increasing income tax.

I think I've seen everything when the lefties are shouting "taxation is theft". Hilarious.

Thrugelmir

chewmylegoff wrote: »

So a bit like when Gordon Brown removed the dividend tax credit, or when he kept increasing NI contributions whilst claiming he wasn't increasing income tax.

I think I've seen everything when the lefties are shouting "taxation is theft". Hilarious.

Wasn't Brown himself the ultimate master of smoke and mirrors. Announcing measures for future years by burying them in the small print of his budgets. Only now do people realise how the plans were being funded.

Some people have selective memories it seems.

Generali

DecentLivingWage wrote: »

Osborne thinks we are stupid and wont notice his last ditch attempts to bolster weakening government finances to grab some cash for his votewinning 'cunning plans.'

For example he plans to shmooze pensioners with changes to the state pension will bring him a secret slush fund of almost £6bn a year from 2016-17, mostly paid by those of us in the public sector, employers and employees as higher national insurance contributions.

Our desperate chancellor has also conjured up ideas to get hold of new savings from the public sector salaries by stopping the cherished “pay progression” depended upon by millions of us hardworking and low paid vocation-oriented families.

Sorry its a paywall but here it is:http://www.ft.com/cms/s/0/e125b276-8fed-11e2-ae9e-00144feabdc0.html#axzz2Nxv8XsRw

Well the employers are the rest of us so I doubt many will have a problem with that.

ukcarper

chewmylegoff wrote: »

So a bit like when Gordon Brown removed the dividend tax credit, or when he kept increasing NI contributions whilst claiming he wasn't increasing income tax.

I think I've seen everything when the lefties are shouting "taxation is theft". Hilarious.

He did learn that from the Tories but that along with removing the 10p shows what they will all do in the hope of getting good or avoiding bad press.

DecentLivingWage

Willbe interesting to see how quickly it get'spicked up and shouted about - voters/pundits/broadcasters are so m uch more aware and powerful these days.... all eyes on tomorrow

ILW

Most people do not give a stuff about whinging public sector "workers".

coastline

Thing is here many people were "contracted out" as part of their pension arrangements which meant around 1% of NI was built into second pensions and private sector.
The new scheme in 2016 will pay £144 providing employees have 35 years NI contributions....heres the catch.
All those years of contracting out are now 1% short of a full yearly NI contribution which have to be built up somehow from 2016.Workers with many years left can pay the new rate and build up to 35 years...but others may not have time or might be able to pay a yearly sum to build back up to 35 years.
Regarding blaming political parties for taxation its been a policy for decades to reduce income tax and park it another way..
In the 1970-1980's basic income tax was 38% and VAT 5% now they are equal at 20%...

Andy_L

ukcarper wrote: »

He did learn that from the Tories but that along with removing the 10p shows what they will all do in the hope of getting good or avoiding bad press.

He also learnt about removing the dividend tax credit from them as well. IIRC he also followed their lead by finishing off MIRAS

DecentLivingWage

Writing cheques the next government will have to honour?

StevieJ

ILW wrote: »

Most people do not give a stuff about whinging public sector "workers".

The way you lot go on I thought 'most people' were public sector workers?