Property News · November 3, 2017

Government delay to NICs changes for self-employed welcomed


Abolition of class 2 contributions would leave lowest-paid to choose between five-fold NI increase or forfeiting state pensionCampaigners have welcomed a government decision to delay a national insurance change that will leave some low-earning self-employed people facing a 400% increase in their costs if they want to retain their right to a state pension.The Treasury has also suggested that it may consider measures to help those affected, who include part-time tutors and hairdressers. Several hundred thousand self-employed people who earn less than £6,000 a year could be hit. Continue reading…

Source : theguardian.com
Read more…Government delay to NICs changes for self-employed welcomed

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