National insurance cut

[aspiring]

I'd rather they increase all thresholds inline with inflation (and recalculate them from when they froze them) than significantly raise taxes and then cancel a tiny bit of it and call it a "tax cut", nobody is getting a tax cut as long as the thresholds are frozen.

A 1% cut to the basic NI rate (from 12.5k to 50k) is at max about £375 per person per year unless they cut the top rate as well.

That 1% is on top of previous 2% so it is significant

 

[aspiring]

Ah yes, sorry, the £720 being annual rather than monthly - yeah that should be correct. I assume you have a pension/childcare/car/healthcare or something through work which reduces your tax liability.

Looks like its a 2% cut to NI

Guessing max is £754 if you include the 2% Cut from Jan?

 

[aspiring]

The Conservatives have systematically destroyed public services (including the police and armed forces) over the past 13 years, just haven't had the guts to tell us they have done it deliberately.
We need to increase spending on critical services, increase investment, decrease the National Debt, and even if we can't do that now the very last thing we should be doing is cutting taxes.
It is an absolute scandal.

They gave record investment to NHS but that has not made s difference. Cannot just blame governments for poor use of money provided.

 

[aspiring]

it's £754 per 2% cut
so £754 + £754 = £1508/yr

That isn't correct as it only applies to lower band

 

[aspiring]

And then you’ll get taxed at least 20% on that and 20% when you spend what’s left.

I don't think its £1508 a year

 

[aspiring]

£754 is the maximum per 2% point cut

now if going from 12% to 10% = £754
how much is going from 10% to 8% going to yield...i'll give you a hint, it's the same as the above...£754
so £754 + £754 = how much?

another one that doesn't understand maths again @Mercenary Keyboard Warrior i leave him to you

You have made my day!!! I honestly though it was £754 in total from last time too

 

[aspiring]

According to Telegraph its £1,320 saving on £100k from January and tomorrow's cuts.

edit - lefties are now moaning that its both too little and too much lol..

Do you have a link please

 

[aspiring]

Cutting NI when the country (and the NHS in particular) is falling apart is a disgraceful move by the Tories.

Not really as more funding for public services does not equal better servive. Rather have the £££

 

[aspiring]

Another 2p cut in september coming up according to papers today

 

[aspiring]

They are still out.

Be a disaster with labour

 

[aspiring]

Because the last 14 years has been such a triumphant success under Tory Leadership, right?

There's always someone to shout "But Labour!"

lol in the 14 years we had once in a generation events

Cannot blame tories for war in ukraine ane a pandemic

 

[aspiring]

The tories are dire. Corrupt. And have no empathy.

Even if Labour do turn out to be terrible... We need to try someone else in power.

It could be a lot better. I very much doubt it can be any worse.

Corrupt? Lol

Labour want to give more power to unions and will no dount promote benefits for those who cannot be arsed to work

 

[aspiring]

From a dude that’s started dozens of financial threads but seems to have zero fiscal knowledge or sense… are you even going to backup this view or just show that your political inept too?

Can you backup labour will be good? No