Employers NI raise confirmed by BBC?

masonic

boingy said:

Rather brilliantly the latest version is that "working people will not see any tax rises on their pay slips". It's turning into a sitcom. 

Oh dear. My payslips include a line for Employer NI. I don't think this is unusual.

hallmark

I'm contracting currently. As such I pay both the employers and the employees NI.  And I definitely work.

intalex

Albermarle said:

It is a good couple of points, However many employers do not use salary sacrifice at all, so they would be hit directly by NI on their pension contributions and potentially be incentivised to reduce them to the minimum. 

I know the minimum employer contribution is 3% but is it not mandatory for the minimum employee contribution of 5% to also be collected via payroll?

Dazed_and_C0nfused

intalex said:

Albermarle said:

It is a good couple of points, However many employers do not use salary sacrifice at all, so they would be hit directly by NI on their pension contributions and potentially be incentivised to reduce them to the minimum. 

I know the minimum employer contribution is 3% but is it not mandatory for the minimum employee contribution of 5% to also be collected via payroll?

If done correctly I think salary sacrifice can still be used for auto enrolment schemes.

Despite not attracting any pension tax relief salary sacrifice is, for all but very low earners, the most tax/NI efficient way of contributing.

https://www.thepensionsregulator.gov.uk/en/document-library/automatic-enrolment-detailed-guidance/4-pension-schemes-under-the-employer-duties

zagfles

boingy said:

Rather brilliantly the latest version is that "working people will not see any tax rises on their pay slips". It's turning into a sitcom. 

   It is! Interesting though as that would preclude abolishing the marriage allowance, something which Labour have always been against. Unless they compensate for it somewhere eg raising the PA but that seems unlikely. 

artyboy

Albermarle said:

artyboy said:

Altior said:

artyboy said:

Altior said:

artyboy said:

Economic debate, namely how to adjust to and manage any changes or new rules, is fine and perfectly MSE... political debate, which is more around slagging off the current party in power, Tories wouldn't have been any better/worse, etc etc... that's where the line is drawn.

We're thankful there was no discussion around the Kwasi Kwarting budget. Nobody brings it up now, at least ! Good to hear from a moderator though. 

The chances of any moderator weighing in here is zero, you just have to hang around to *know* when the line has been crossed...

What often happens, to me anyway, someone makes some nonsense/outlandish claim as part of a politically motivated post, I'll pull them up on it and either my post, or the thread will eventually get zapped. For example they'll say, oh I had 1% mortgage rate and then due to the Liz Truss crash my rate is now 4.85% or whatever. I'll correct them (eg no, our mortgage rates would be what they are with or without Liz Truss). 

It would be far clearer if they did actually update the rules to completely disbar politically related/motivated posts. So instead of correcting the posts, I could flag them instead of correcting them. Until the rules are changed, if needed I'll continue to correct the outlandish (politically motivated) claims if/when I see fit. In fact, I'd far rather do that than flag them.

It's not up to me obviously, but finance and politics are inextricably linked, as political ideology underpins a lot of financial legislation and decision making. The forum is for adults. So it's a bit daft to all of a sudden (in the last six months or so), try to completely dissuade political debate by pretending the current rules don't allow it. Unless it falls into personal attacks, bullying or whatever, where there are rules to take care of those breaches, it should be allowed. An analogy of what they are trying to do imv is a bit like having a football forum and barring people talking about refereeing decisions. Not gonna happen. 
 

I think that if flagging triggered a prompt response with corrective action, then it would be the right approach. Certainly it's the officially mandated position on here. Trouble is, as you're alluding, posts containing provocative misinformation (often of a political nature) have a habit of persisting for far longer than they should, especially at weekends. And those of us that have been around the block a bit, know that there are people that turn to the forum for advice, often when most desperately needed, and such posts can be quite damaging.

So yes, I'm with you that you just have to fight the good fight. Of course, this thread will be removed soon enough for us even daring to discuss this taboo issue outside of the graveyard of the site feedback board, but perhaps someone might eventually take notice...

A couple of weekends ago I saw a couple of threads that were not particularly political, but were very unpleasant generally.
They both stayed up until later on Monday morning.

Yes, I recall one especially misogynistic one on the relationships board. Anyway, we digress. The whole 'working people' thing is becoming a running joke.

Not that I see anyone laughing...

Grumpy_chap

hallmark said:

I wonder if part of the agenda here is to curb wage inflation.  A 2% increase on employers NI will likely mean a percentage or so off of wage increases.  That would be very welcome to the Govt

Given the public sector wage settlements agreed by the current Government, curbing wage inflation would not appear to be a current priority.

boingy

masonic said:

boingy said:

Rather brilliantly the latest version is that "working people will not see any tax rises on their pay slips". It's turning into a sitcom. 

Oh dear. My payslips include a line for Employer NI. I don't think this is unusual.

Maybe they'll introduce new rules for payslips, removing any, ahem, uncomfortable details.

LHW99

masonic said:

boingy said:

Rather brilliantly the latest version is that "working people will not see any tax rises on their pay slips". It's turning into a sitcom. 

Oh dear. My payslips include a line for Employer NI. I don't think this is unusual.

So you don't wok if you're self employed?

prowla

boingy said:

Rather brilliantly the latest version is that "working people will not see any tax rises on their pay slips". It's turning into a sitcom. 

Except my payslip shows my employer's NI contributuions.