2p NI cut

[coffeabdreav]

How much would this save an average salary of £35k if this were to happen.

Would if help you? Do you think its a good decision?

About £35 a month on that salary I think.

I’m all for it - it helps to mitigate some of the fiscal drag we’ve all experienced in relation to income tax.

It’s meaningless.

The freezing of tax thresholds mean you are paying more tax.

A 2p NI cut would… probably still leave you paying more tax.

Moving deckchairs at this point.

They must think we are all completely stupid.

Isn't that the same as the NI reduction that took effect in January?

It's like a child pushing peas around the plate, going to do nothing. Everything thing is still going up.

Yes if 2p of NIC exactly the same. It means you will be worse off because of thresholds not keeping up with inflation. I think I read if they had it empty up each year we'd all be on a starting rate of £15k tax by now. Just shows how much they are scamming from the public. And they'll lose the grey pensioner vote too because they don't pay NIC's over 66.

Yes, another 2%, so 4% in total.

Obviously I’d prefer income tax thresholds to be vastly raised, but I guess it’s better than nothing…

It's peanuts. Insultingly so. So, not a good decision. They should be raising thresholds not pratting around with rate cuts on a tax that is already capped for rich people.

Agree this is moving the deck chairs on the Titanic.
Goodbye tories. Can’t say you will be missed.

Would be the same as in January. I am taking home about £60 a month more (on circa £50k) and it's very welcome.

As another poster said it puts money in the pockets of workers, as pensioners don't pay NI.

Whilst agreeing with this, I’ll take an extra £63 a month thanks

It doesn't really help the low earners much though does it ? I was £14 a month better off after the January one.

I think its a reasonable way to get tax cuts to Scottish folk. We are already so much worse off thanks to the SNP and their tax regime, NI is one way to help us up here. I'll take it.

Good point

I’d prefer the alleged £10 billion that this costs the government (presumably £20 billion including the previous NI cut) to be spent on improving public services, particularly the NHS. I’m a relatively low earner so it won’t save me all that much - £268 for each cut so £536 altogether.

Brilliant idea and something, finally, to help workers and start towards equality in taxes between earned and unearned income (there's no NIC on unearned income such as pensions, dividends, interest, property lettings, etc). Workers have borne the brunt of tax rises (mostly NIC) for the past 25 years, so it's good to lessen the burden on workers to try to get more people working and more part timers to work a little more, i.e. "make work pay". The tax burden has fallen on worker's shoulders for far too long.

Why cut it???
We need the NHS
We can't afford it as a society

I’d get £1300 more a year. It’ll pay for DDs music lessons.

Bribing the electorate with their own money in an election year whilst public services get flushed down the pan.

The Conservatives have form for this.

Yes it’s already happened

Didn’t they also cut another two billion from the massively underfunded NHS - lowering taxes often means lowering public services.

Having a 2% cut won’t massively improve things for lower income workers or have any effect on pensioners but it does impact underfunded public services.

It is nice to get a little extra in each month but I would prefer to see them fund the NHS properly and raise the minimum wage (and get rid of the awful lower rates for people under 25).

To make up the shortfall they could tax the very wealthy, close loopholes that allow millionaires pay next to nothing and add duty to junk food and luxury items.

It’s become a very inequitable country where healthy food is unaffordable to many and hospital waiting lists are resulting in lots of preventable deaths. I read an article about kids getting things like rickets like we are living in Dickensian times. You login to patient access and it actively markets private health scans and blood tests to you - things that a few years ago you could have gotten relatively quickly through the NHS. So if you have money you can pay a company (that is likely owned by Tory donors) to give you a scan but if you don’t you wait for 6months until your told you have cancer, it’s spread and now can’t be treated.

But you know, vote for us we gave you a few quid (and collapsed the health service).

Doesn't help pensioners, who are not all rolling in cash, and still have to deal with the full force of rising costs.

But it's cheaper than changes to income tax.

It would help me, doesn't mean I agree with it.

State pension is going up by 8.5%, though, so it’s not as though they aren’t getting anything. An income tax cut wouldn’t help the poorest pensioners, either.

But many pensioners are still very poor- 8.5% of less than £11k isn't much, especially when you take into account fixed costs like council tax and the proposed rises there.

And pensioners with a small private pension ( as everyone is encouraged to contribute to) means that many are paying tax on very small incomes.

Would you like to live on £13k or £14k a year?

If they’re getting the full state pension the rise is worth more than the NI cut for an average earner.

I could happily live on £13 or £14k a year if I didn’t have housing or work costs.