{"id":48668,"date":"2017-03-18T14:00:32","date_gmt":"2017-03-18T07:00:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-bombshell-for-self-employed-pay-400-more-nics-or-lose-state-pension\/"},"modified":"2017-03-18T14:06:38","modified_gmt":"2017-03-18T07:06:38","slug":"new-bombshell-for-self-employed-pay-400-more-nics-or-lose-state-pension","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-bombshell-for-self-employed-pay-400-more-nics-or-lose-state-pension\/","title":{"rendered":"New bombshell for self-employed: pay 400% more NICs\u2026 or lose state pension"},"content":{"rendered":"


\nDespite the chancellor\u2019s NICs U-turn, those who earn below \u00a36,000 still face a five-fold increase \u2013 unless the government acts before next yearJane Clark, a self-employed maths tutor who earns around \u00a32,500 a year, faces a 400% increase in her national insurance contributions (NICs) if she wants to retain her right to a state pension.That equates to an extra \u00a3588 a year, which is a good chunk of Clark\u2019s earnings \u2013 and she is far from alone. Potentially, several hundred thousand self-employed people who earn below \u00a36,000 a year will be clobbered, unless the government brings in measures between now and April next year to reduce the impact. Continue reading…
\n
\nSource : theguardian.com
\nRead more…New bombshell for self-employed: pay 400% more NICs\u2026 or lose state pension<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite the chancellor\u2019s NICs U-turn, those who earn below \u00a36,000 still face a five-fold increase...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-48668","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cEY","jetpack-related-posts":[{"id":70814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-delay-to-nics-changes-for-self-employed-welcomed\/","url_meta":{"origin":48668,"position":0},"title":"Government delay to NICs changes for self-employed welcomed","date":"November 3, 2017","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47647,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-to-rebel-against-vote-to-raise-nics-for-self-employed\/","url_meta":{"origin":48668,"position":1},"title":"MPs to rebel against vote to raise NICs for self-employed","date":"March 11, 2017","format":false,"excerpt":"\r Government faces defeat in autumn over tax rise announced in budget, despite Theresa May\u2019s announcement of a reviewBackbenchers unhappy at plans to increase national insurance for the self employed promised to rebel against the introduction of the tax rise in the autumn, after Theresa May said on Thursday she\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47663,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/self-employed-see-if-youll-pay-more-in-national-insurance\/","url_meta":{"origin":48668,"position":2},"title":"Self-employed? See if you'll pay more in national insurance","date":"March 11, 2017","format":false,"excerpt":"\r From 2018 you could find that you\u2019re paying hundreds of pounds a year extraThe bottom 40% of self-employed workers will be spared any income losses from the changes to national insurance contributions (NICs) \u2013 if they go ahead \u2013 according to an analysis by the Institute of Fiscal Studies,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48170,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hammonds-nics-u-turn-is-a-political-disaster-for-the-government\/","url_meta":{"origin":48668,"position":3},"title":"Hammond's NICs U-turn is a political disaster for the government","date":"March 15, 2017","format":false,"excerpt":"\r Chancellor\u2019s change of heart raises the question of who\u2019s in charge at the Treasury: Hammond, May or the Daily Mail?Not so funny now, is it chancellor? A week to the day since he peppered his debut budget speech with gags to disguise its thinness, Philip Hammond has just done\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49293,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-now-cheaper-to-live-than-new-york-and-tokyo-plus-viagogo-snubs-mps\/","url_meta":{"origin":48668,"position":4},"title":"London now 'cheaper to live than New York and Tokyo', plus Viagogo snubs MPs","date":"March 23, 2017","format":false,"excerpt":"\r Also, average house costs 7.6 times annual salary, part-time workers face five-fold NICs increase and for sale: Pierre Cardin\u2019s bubble palace Hello and welcome to this week\u2019s Money Talks \u2013 a roundup of the week\u2019s biggest stories and some things you may have missed. Continue reading...\r \r Source :\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37818,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auto-enrolment-pensions-review-to-focus-on-self-employed\/","url_meta":{"origin":48668,"position":5},"title":"Auto-enrolment pensions review to focus on self-employed","date":"December 12, 2016","format":false,"excerpt":"\r People who work for themselves, and those with multiple jobs each paying below the \u00a310,000 pensions threshold, are losing outThe government is set to look at how to increase pensions saving for the self-employed and those with multiple jobs, as part of a review of its flagship auto-enrolment scheme.Employees\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48668"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=48668"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48668\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=48668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=48668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=48668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}