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BBCNEWS Newscast January 28, 2022 21:48:00 - Vimarsana News

BBCNEWS Newscast January 28, 2022 21:48:00

And it is a tax that is not very well understood, in the same way that when you say income tax, we immediately know 20%, 40%. national insurance is harder for us to conceptualise, which the cynics would say is why the government has chosen to put the rises here. that's sneaky. i started doing personal finance tweets on instagram a year ago, and if you'd told me then that one i did about national insurance would be the most shared, most commented on post of all time, i wouldn't have believed you, but that is what's happened this week. i did a little reckoner showing that if you earn this much, ...

BBCNEWS BBC News January 28, 2022 12:08:00 - Vimarsana News

BBCNEWS BBC News January 28, 2022 12:08:00

As we've been hearing, there's increasing pressure on the government to delay a planned rise in national insurance. under the plans, employees, employers and the self—employed will pay 1.25p more in the pound for national insurance from april 2022. there are figures within the conservative party and elsewhere who don't want that tax increase they came in, particularly at this time of a huge squeeze on living standards, the cost of living. there are energy price increases due to come in in april as well. we heard from one government minister last night who said that number ten is listening to...

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BBCNEWS Ros Atkins On... The Rising... January 29, 2022 18:53:00 - Vimarsana News

BBCNEWS Ros Atkins On... The Rising... January 29, 2022 18:53:00

It goes on... april is crucial. national insurance contributions will rise by 1.25 percentage points. the government says this is to fund social care and the nhs. that rise means people earning £20,000 will pay an extra £130 per year. those earning £50,000 will pay £505 more. and if that's tax, then there's energy. we are going to see an enormous rise in the energy price cap. it's the biggest that there's ever been in the price cap history and it will amount to something like £60 a month for customers, and that's immediately from april. the energy price cap is a limit on some domestic gas...

BBCNEWS Breakfast January 31, 2022 06:15:00 - Vimarsana News

BBCNEWS Breakfast January 31, 2022 06:15:00

From april, all employees, employers and the self employed will pay an extra 1.25 pence more in the pound for national insurance. for someone earning £30,000 a year that menas an extra £21a in contributions. those on higher wages will pay more. there had been calls to scrap or delay that rise but both the chancellor and the prime minister have made it clear it will happen to help fund the nhs and social care. campaigners had been calling for a delay to the national insurance rise because it will come in the same month as energy bills go up. the energy price cap is the maximum amount people c...

BBCNEWS Newscast January 28, 2022 01:48:00 - Vimarsana News

BBCNEWS Newscast January 28, 2022 01:48:00

I did a little reckoner showing that if you earn this much, this is how much extra ni you're going to be paying a year from april. and what really staggered people was that the 1.25% percentage point increase in the tax, that has been miscomputed and they thought it would only go up by 1.25%, whereas actually, in pounds and pence, the increase in the tax that you're paying from the last tax year to this tax year is more than 10%. can you give us some examples? show us your working! so for the average worker on a salary of £30,000 a year, they are going to be paying an extra £255 in national ...