Health and social care tax

[jamesbrown]

Also confirms that the 2% surcharge is increasing to 3.25%, so big relative increase for high earners overall.

[DaveB]

Here it is in black and white. So only 1.25% for dividends, not 2.5% to mirror both NICs.

https://assets.publishing.service.go...ocial_Care.pdf

Double whammy for anyone working Inside IR35. Employee and Employer NIC increases.

[mattster]

I'm broadly not against tax increases to pay for better services, but this government - which has raised taxes by significantly more than any other in my working lifetime - seems to have managed the quite incredible feat of doing so whilst simultaneously cutting services to the bone. Have we ever got less for our tax money? Where is it going?

[SueEllen]

Have we ever got less for our tax money? Where is it going?

To his mates...

[jamesbrown]

Double whammy for anyone working Inside IR35. Employee and Employer NIC increases.

Yup, inside IR35 on a high income and you’re hammered by this.

[eek]

Yup, inside IR35 on a high income and you’re hammered by this.

Schemes are going to get yet another chance to scare people into joining them...

[_V_]

To his mates...

This. 100% this. Tory friends and family billionaire's club.

New Labour squandered the money, this lot plain stolen it to Tory chums.

[DoctorStrangelove]

I can't remember a more corrupt government in this country and I can remember when SuperMac was PM.

Now waiting for the reintroduction of the rotten boroughs.

[Gibbon]

Yup, inside IR35 on a high income and you’re hammered by this.

Yep, only bright spot is salary sacrifice for max pension. But also max contributions too set at 86K, that's only a year in a complex dementia unit (5-7K a month), but then you'll be too far past it to thank the government every week.

But also it should help those who earn feck all doing some of the hardest work in the country to earn a reasonable wage and hopefully come off income support.

[some guy some where]

Double whammy for anyone working Inside IR35. Employee and Employer NIC increases.

And for all employees tis 2.5% paycut, they'll cut the employers NI from any planned annual pay rise - and interest rates rising next year!