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Changes afoot for the self employed
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<blockquote data-quote="Evans Electric" data-source="post: 462731" data-attributes="member: 1408"><p>As far as I remember and based what I was told , our , (Self Employed) NI contributions entitled you to the state pension .and that was it !! Didn't entitle you to unemployment benefits after , I think, 2 years of SE . </p><p></p><p>So if they wish to increase it , they should first declare what the contribution pays for , because I can't see them wanting thousands of SE,s signing on the dole everytime a job fell through and you had a week off. </p><p></p><p>This is much the same as making us pay income tax on what we "might" earn next year "On account". And scrapping the 714 system , bringing in the hated CIS . </p><p></p><p>I think with the lack of apprentice training plus all the additional regulations they pile on you ..there will be national shortage of SE tradesmen .....sooner rather than later. </p><p></p><p>NB: I may be wrong with this but I also believe you can stop paying NI after 40 yrs ,,,don't take my word on that though.</p><p></p><p></p><p>Isn't there a move afoot to get shut of cash , one &amp; two pennies were mentioned today . </p></blockquote><p></p>
[QUOTE="Evans Electric, post: 462731, member: 1408"] As far as I remember and based what I was told , our , (Self Employed) NI contributions entitled you to the state pension .and that was it !! Didn't entitle you to unemployment benefits after , I think, 2 years of SE . So if they wish to increase it , they should first declare what the contribution pays for , because I can't see them wanting thousands of SE,s signing on the dole everytime a job fell through and you had a week off. This is much the same as making us pay income tax on what we "might" earn next year "On account". And scrapping the 714 system , bringing in the hated CIS . I think with the lack of apprentice training plus all the additional regulations they pile on you ..there will be national shortage of SE tradesmen .....sooner rather than later. NB: I may be wrong with this but I also believe you can stop paying NI after 40 yrs ,,,don't take my word on that though. Isn't there a move afoot to get shut of cash , one & two pennies were mentioned today . [/QUOTE]
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