174 results for "National Insurance"

British households could face cuts in their pension contributions while increases in national insurance are being considered, which is causing great concern among analysts.

UK employers are concerned that higher national insurance could make it harder to hire and raise wages, affecting pubs and restaurants.

According to reliable government sources, Chancellor Jeremy Hunt is currently mulling over further National Insurance reductions. The announcement of tax policy scheduled for September is generating growing impatience about the tax...

The start of the new tax year has brought a financial boost to millions of UK workers. National insurance schemes have been in place since 6 April 2024, and British...

April 6 represented an important turning point for 29 million British citizens, as a record reduction in National Insurance Tax Cut came into effect. This transformational event is the result...

The National Insurance cut which has been a lifeline for many is expected to come into effect this week, promising more disposable income for millions of hard-working people in the...

Rishi Sunak cautioned against campaigning on an unfunded proposal to eliminate employee national insurance, as it could create a £40 billion deficit in public finances, according to projections.  Sunak Faces...

Jeremy Hunt's recent Budget 2024 announcement includes a strategic manoeuvre: a 2p reduction in national insurance rates. This decision aims to boost both his declining approval ratings and revitalize the...

The UK Budget's tax hikes, particularly the rise in employer national insurance contributions, are set to hit consumer confidence and wage growth in 2025, warn analysts. Reports from Goldman Sachs…

UK retailers, including Tesco and Amazon, warn of “inevitable” job losses and price hikes due to Labour's planned National Insurance Contributions (NICs) increase.

UK unemployment has risen, while wage growth shows signs of slowing, reflecting a cooling labour market amid mounting economic pressures. Businesses are adjusting to inflation and higher National Insurance contributions,…

Chancellor Rachel Reeves plans to raise £20bn through employer National Insurance hikes, marking Labour's first major tax reform since taking office.

Millions of UK workers could be £450 worse off if Labour raises National Insurance in the upcoming Budget, reversing a previous tax cut.

HMRC may notify hundreds of thousands of older women that their state pension entitlement has been affected by missing Home Responsibilities Protection (HRP) periods in their National Insurance records.

A potential £16 billion tax increase on pension contributions could significantly reduce pension savings. Sir Steve Webb suggested this could occur if employers are required to pay National Insurance on…

Scottish universities are facing increasing financial pressures due to rising UK taxes and falling numbers of international students. Institutions are warning of possible job cuts and funding disparities that could…

Homeowners will face higher mortgage costs as inflation rises and tax policies tighten the economic noose. Experts warn that borrowing rates could rise further, leaving families and businesses to navigate…

Reaching State Pension age opens the door to a wide variety of financial benefits designed to ease the burden of living costs in retirement. Yet many retirees remain unaware of…

Following Chancellor Rachel Reeves‘ speech announcing plans for massive 'Megafunds' to stimulate growth in the UK, questions are being asked: could this ambitious pension reform jeopardise retirement savings?

The UK's leading lenders have increased fixed mortgage rates in the wake of Budget-related rises in borrowing costs and market uncertainty. Homeowners and buyers now face a tightening market as…

State Pensions are set to rise by 4.1% in April 2025, thanks to the Triple Lock. Full New State Pension recipients will see weekly payments increase, with annual boosts of…

Savers could face a "triple tax" on their pensions due to ongoing government changes, raising concerns among retirees and financial experts. The removal of the lifetime allowance limit in April…

UK pensioners owed millions get long-overdue DWP payments, with back pay up to £11,900 to correct missed pension increases.

The Department for Work and Pensions (DWP) is urging state pensioners to think about financial support as the cost of living crisis weighs on households across the UK.

HM Revenue and Customs (HMRC) has issued an important update regarding certain type of people who are in receipt of financial assistance such as child benefit.

The Department for Work and Pensions (DWP) has carried out a full review of state pensions, and some women's groups could face claims for thousands of pounds.

New funding of £421 million means that households in hardship can get up to £500 of much-needed support for energy, food, and necessities.

The Chancellor's announcement is expected in Wednesday's Budget, based on recommendations from the Low Pay Commission.

The UK's healthcare system is under threat of massive shake-up, with doctors and nurses predicting an exodus due to potential changes to pension benefits proposed in the forthcoming Budget.

How does contracting out your additional state pension affect your retirement benefits, and what should you look out for?

Local councils are stepping up to help households in need this winter by offering various forms of financial assistance.

Martin Lewis issues an urgent six-month warning, revealing a lucrative opportunity for millions nearing retirement to secure a significant pension boost.

The DWP is reaching out to individuals over 66 who may qualify for Pension Credit, aiming to boost their financial support and benefits.

Labour's budget plans may significantly impact retirees, from cuts to winter fuel payments to potential pension reforms including means-testing, inheritance tax changes, and stricter pension access rules.

Rachel Reeves is due to present Labour's first budget for 15 years on 30 October, which aims to close a £22 billion deficit in public spending.

Finance expert Martin Lewis has issued an important warning to state pensioners born after 1951 about a helpful strategy to potentially secure a staggering amount of cash.

State pensions in the UK are expected to rise by up to £461 in April 2025, thanks to a 4% wage growth under the triple lock system.

State pension age increases are driving people to retire later, with 2024 seeing the highest average retirement age since records began.

Peoples' retirement plans are being impacted by the changes brought to the state pension age. Many are forced to stay in work to be able to secure a comfortable retirement.

Pressure mounts on Chancellor Rachel Reeves to adjust State Pension, but experts warn of long-term economic risks and the potential depletion of pension funds.

The DWP is informing people about available support to cope with rising living costs as many families face higher bills for essentials like heating, food, and mortgages.

Serps, or the State Earnings-Related Pension Scheme, was introduced to help workers earn additional pension income. Although it was replaced in 2016, many pensioners still receive Serps as part of…

HMRC warns many young people can claim thousands from overlooked Child Trust Funds, with average accounts worth up to £2,212.

Martin Lewis is encouraging individuals to check to see whether they can increase their state pension by up to £74,000. This however only applies if they are of the appropriate age. Deadline...

Under the triple lock, the full new state pension should increase by over £500 to £12,020 per year starting  April 2025. However, this amount is still far below  what is required...

The Department for Work and Pensions provides an advantageous program for state pensioners, in addition to top-up payments. The DWP has confirmed that older individuals in a specific age bracket will...

Money-saving expert Martin Lewis has appealed to pensioners before the changes come into force. In the most recent weekly email fork, Lewis alerted the pensioners to check about the Winter...

UK households that missed the important Child Benefit deadline have received updated rules. Typically, Child Benefit payments stop on August 31, four weeks after a child's 16th birthday if they...

Within the forthcoming week, a change will be introduced which will have an impact on benefits received by hundreds of thousands of people still on older benefits in the UK....

Over 12million retirees are expected to see their income rise by 4.5% starting April 2025. They were previously hoping to get 5.7%, however, those hopes have rapidly been crushed as...