National Insurance calculator: Find out if you’ll be better off after major tax shake-up

6 comments

1. TL;DR: the highest earners have to pay more and the lowest earners will pay less.

   I wonder if Zahawi is happy with that.

2. £2.98 more.. ffs

3. How does this work for those on low incomes?

   For example, many years ago when I worked in pubs I lost 2 years worth of National Insurance contributions due to not working enough hours, but working too many hours to be able to claim benefits.

   My current wage is around £14K a year as I only work 32 hours a week during term time.

   I typically pay around £50 National Insurance a month. I don’t qualify for working tax credits according to several calculators I’ve used.

   Now, I’m assuming this new tax change would mean my National Insurance contributions would go down due to the tax limit going up.

   Is the limit being changed for things like working tax credits so that it tops up the National Insurance contributions?

   Or does this mean I will have to make voluntary contributions?

4. Spoilers :

   No, you won’t be better off.

5. I’m going to have to cut down on avocado toast.

6. About £80 worse off next year apparently. Why did I expect anything else….