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NI Contribution Increase
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bluphoto
Posts: 26 Forumite

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 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.
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Comments
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And does 2% become 3.25%? A 62.5% increase in my eyes.
Fortunately not (out of) my pocket!0 -
Dazed_and_C0nfused said:And does 2% become 3.25%? A 62.5% increase in my eyes.
Fortunately not (out of) my pocket!0 -
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.0
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