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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To be frustrated about NI increase?

109 replies

NotMyselfWithoutCoffee · 19/04/2022 09:02

I understand why NI is important, but at a time when gas, energy etc is going up this on top has royally pissed me off today.

My husband is 26 pounds a month down and I'm 10 pounds down from NI going up, so nearly 40 quid a month we are now paying into NI on top of everything else.
I don't know what we are going to do at the end of the month, we are just barely making ends meet at the moment. I'm even working condensed hours to relieve some of the burden of childcare.

OP posts:
ReadyToMoveIt · 19/04/2022 20:34

I do. Always have.
My point is simply that under our current government, we were always going to be the ones paying for it. Nothing to do with a ‘race to the bottom’, it was just inevitable.

bellfrint · 19/04/2022 20:37

Not enough people want a change though. I think some aspire for certain things so vote in a way to not disadvantage their future self not realising they are making it harder to achieve these future dreams.

bbn81 · 19/04/2022 20:43

@bellfrint

What can we do to make the rich people pay?

Bring capital gains tax in line with income tax for one.

Part of the problem with making rich people pay is that the rich people can afford to live in another country and then pay nothing in the UK. This is what happened in the 70s when the highest tax rate went up to 75%(even up to 98%) the like of Tom Jones, Rod Stewart etc all moved to USA quite openly to avoid tax! Do you ever wonder why Adele live in the USA!
bellfrint · 19/04/2022 20:47

It's really not only people like Adele who benefit from lower capital gains 😆

I think capital gains should be inline with income tax, not higher. Have the current high income taxes lend to droves of people leaving?

bellfrint · 19/04/2022 20:50

I think it will be a policy at some point soon anyway. We have a social care & NHS crisis & an ageing population. The new health tax won't be enough & they can't increase the income tax burden much more.

RomansTheyGoTheHouse · 19/04/2022 20:52

Whilst I agree about the NI rise being badly thought through and timed - don't forget the point at which you start paying NI will rise in July - which you may find balances out the increase so that you are no longer down very much £ at all (if anything).

Doesn't help right now, but worth knowing it's coming...

daimbarsatemydogsbone · 19/04/2022 20:53

@GreenLunchBox

All these "it has to be paid for somehow" race-to-the-bottom people on this thread infuriate me. Why do the rich not have to pay? Why is it the little people who are already scraping a living having to have tax rises? Angry
Exactly, these obedient little serfs are Thatcher's real legacy - she started these ridiculous over-simplified "everything has to balance like the household budget" explanations for shifting the burden of tax to poorer people. BTW Thatcher actually INCREASED taxation, both in absolute values and as a percentage of GDP, during her term in office.
daimbarsatemydogsbone · 19/04/2022 20:55

Part of the problem with making rich people pay is that the rich people can afford to live in another country and then pay nothing in the UK. This is what happened in the 70s when the highest tax rate went up to 75%(even up to 98%) the like of Tom Jones, Rod Stewart etc all moved to USA quite openly to avoid tax! Do you ever wonder why Adele live in the USA!
If they aren't prepared to pay their share they are welcome to fuck off somewhere else.

Kendodd · 19/04/2022 20:57

Has anyone mentioned that we shouldn't need this anyway, what with the NHS being awash with money from the Brexit £350 million.

Bagadverts · 19/04/2022 21:01

I’ll be affected. Could have done at least some through capital gains or at least plan to. They should have increased income tax - NI is not paid by people still working over state pension age. It should also have been directed at least part immediately to social care. The NHS needs more cash but it can’t operate if people ready for discharge have nowhere to go.

Moochio · 19/04/2022 21:02

I guess we have to pay for the covid tests and stuff somehow

Unsure33 · 19/04/2022 21:09

@bellfrint

What can we do to make the rich people pay?

Bring capital gains tax in line with income tax for one.

But most capital gains tax is put on property or investments which are made by purchasing with funds on which you have already paid tax . So in other words you would pay tax twice ?

Why is that fair ? Not everyone who are relatively well off have fallen into that position ? Many have worked very hard and employed others along the way ?

Unsure33 · 19/04/2022 21:11

@daimbarsatemydogsbone

Part of the problem with making rich people pay is that the rich people can afford to live in another country and then pay nothing in the UK. This is what happened in the 70s when the highest tax rate went up to 75%(even up to 98%) the like of Tom Jones, Rod Stewart etc all moved to USA quite openly to avoid tax! Do you ever wonder why Adele live in the USA! If they aren't prepared to pay their share they are welcome to fuck off somewhere else.
That is very short sighted .

Don’t you think those people if they stayed here would spend more and employ more ?

Why is it always bad to become famous and rich ?

Unsure33 · 19/04/2022 21:13

@Kendodd

Has anyone mentioned that we shouldn't need this anyway, what with the NHS being awash with money from the Brexit £350 million.
Hmmmm I don’t think we have actually stopped paying the eu yet .
bellfrint · 19/04/2022 21:15

So in other words you would pay tax twice ?

You only pay tax on any gain though

bellfrint · 19/04/2022 21:16

Many have worked very hard and employed others along the way ?

Don't you think that also applies to people on PAYE?

LouB76 · 19/04/2022 21:17

If they aren't prepared to pay their share they are welcome to fuck off somewhere else.

Like Rishi Sunak and his wife. He was the golden boy on here 2 years ago when he was handing out freebies. Haven't attitudes hardened.

hayley037 · 19/04/2022 21:50

The country has voted for this though. Brexit and the whole Levelling down policy was always going to culminate in this.

We were warned in 2016 and 2019 that this is what would happen but people still voted for it as many were happy to take a lower standard of living, drop in GDP and higher taxes in exchange for leaving the EU and a big shift to the right-wing in terms of governance.

England got what it voted for, you elect a toxic narcissist and a Britannia Unchained cabinet then Levelling down is always going to be the end result.

ReadyToMoveIt · 19/04/2022 21:51

@hayley037

The country has voted for this though. Brexit and the whole Levelling down policy was always going to culminate in this.

We were warned in 2016 and 2019 that this is what would happen but people still voted for it as many were happy to take a lower standard of living, drop in GDP and higher taxes in exchange for leaving the EU and a big shift to the right-wing in terms of governance.

England got what it voted for, you elect a toxic narcissist and a Britannia Unchained cabinet then Levelling down is always going to be the end result.

More than 50% of us didn’t vote Tory, though.
hayley037 · 19/04/2022 21:59

I know but FPTP is where we are and unless people start voting tactically then this is how things will be. People know the rules before an election and still don't vote tactically.

Wnkingawalrus · 19/04/2022 22:03

Don't you think that also applies to people on PAYE?

Most people on PAYE aren’t employing that many people.

bellfrint · 19/04/2022 22:07

My reply was to the point Many have worked very hard and employed others along the way ?

ILoveAllRainbowsx · 19/04/2022 22:30

Your pay will increase in July 2022 when the NI threshold is increased.

GreenLunchBox · 19/04/2022 23:33

@ILoveAllRainbowsx

Your pay will increase in July 2022 when the NI threshold is increased.
It will be lower than 2021, though. So govt has given us a pay cut during the biggest cost of living crisis for generations
sst1234 · 19/04/2022 23:45

You are not wrong OP. We have to pay this tax so that elderly homeowners can pass on their homes to their children while we pay for their care. So children who can’t be bothered to take care of their elderly parents get an inheritance because we pay for it.
Either that, or the tax will be wasted on something else that the state does badly. Either way, the tax burden is simply unacceptable and the Tories must pay for their wasteful socialist tendencies.