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NI Contribution Increase

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bluphoto
bluphoto Posts: 26 Forumite
Eighth Anniversary 10 Posts
edited 7 September 2021 at 1:58PM in Cutting tax
If someone increases something by 100%, then it doubles it's current size, right?

If someone increases something by half, or 50%, then its half as big again, yes?

If National Insurance is "increasing by 1.25%" then that's 1.25% of it's current amount, right, not 1.25% of gross wage.

So increasing a £100 contribution by 1.25% should result in a contribution of £101.25.

Raising a 9% stamp to 10.25% is a 13.9% increase and passing it off as only a 1.25% increase is misleading.

Comments

  • And does 2% become 3.25%?  A 62.5% increase in my eyes.

    Fortunately not (out of) my pocket!
  • And does 2% become 3.25%?  A 62.5% increase in my eyes.

    Fortunately not (out of) my pocket!
    Yes it would, but looks like bbc have corrected their language to quote percentage points rather than simple % of magnitude.
  • bluphoto said:
    If someone increases something by 100%, then it doubles it's current size, right?

    If someone increases something by half, or 50%, then its half as big again, yes?

    If National Insurance is "increasing by 1.25%" then that's 1.25% of it's current amount, right, not 1.25% of gross wage.

    So increasing a £100 contribution by 1.25% should result in a contribution of £101.25.

    Raising a 9% stamp to 10.25% is a 13.9% increase and passing it off as only a 1.25% increase is misleading.
    Fully agree. Its 'how to lie with statistics' again!
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