National insurance

Pension and National Insurance hikes to hit academics hard, Times Higher Education (THE)

Thousands of university staff will soon see their take-home pay fall by about £100 a month when changes to state and occupational pension schemes take effect, an analysis has shown. Almost all staff in higher education will see their net pay fall in April as their National Insurance contributions rise after changes to the state pension system. But about 150,000 staff who currently pay into the Universities Superannuation Scheme will be hit further in April by increased employee contributions to the deficit-hit pension provider, after a deal agreed last year between employers and unions on reforming the scheme. These combined higher payments are likely to cost the average academic almost £...

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Older workers ‘should pay National Insurance to avert social care disaster’, Daily Mail Online

Older workers ‘should pay National Insurance to avert social care disaster’: Controversial plan by key adviser to Jeremy Hunt will hit wages of over-65s More than a million older workers may have to start paying National Insurance Those still working beyond the state pension age are exempt from paying levy Sir Andrew Dilnot told MPs older workers could pay more to plug financial hole Published: 01:12 BST, 3 April 2018 | Updated: 12:13 BST, 4 April 2018 More than a million older workers may have to start paying National Insurance to avert ‘disaster’ in England’s social care system, a key Government adviser has warned. Those still working beyond the state pension age – currently 64 for women...

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More than half of British people support raising National Insurance to fund the NHS, says new poll, The Independent

More than half of Britons support raising National Insurance contributions so the extra revenue could be invested in the NHS, a survey has indicated. YouGov research shows 53 per cent of people supported the idea of a 1p-in-the-pound rise in National Insurance, from 12 to 13 per cent, if it was used to fund healthcare, while 26 per cent opposed it—down from 37 per cent in 2014. It comes after Simon Stevens, the NHS England chief executive, told MPs the health service "got less than we asked for" in funding, directly contradicting Prime Minister Theresa May amid a nationwide crisis in accident and emergency departments. Funding has been "back-ended" to end the of the decade and will actually...

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National Insurance - Wikipedia

National Insurance National Insurance (NI) is a tax system in the United Kingdom paid by workers and employers for funding state benefits. Initially, it was a contributory form of insurance against illness and unemployment, and eventually provided retirement pensions and other benefits. Citizens pay National Insurance contributions to become eligible for State Pension and other benefits. Anyone 16 years old and above are mandated to pay National Insurance provided the employee earns more than £162 a week or the individual is self-employed and makes a profit of £6,205 or more annually. It is necessary to obtain a National Insurance number before starting to pay contributions. NI was first...

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