National Insurance Contributions
(asked on 16th January 2020) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government how many (1) part-time, and (2) low paid workers, will no longer be credited with a pensions contribution as a result of the proposed raising of the National Insurance threshold.
Answered by
Earl of Courtown
Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords)
This question was answered on 30th January 2020
The Government is committed to delivering on its manifesto commitments and will set out further details in due course.
Increasing the Primary Threshold and Lower Profits Limit only affects the point at which employees and the self-employed start paying Class 1 and Class 4 NICs respectively. These thresholds have no impact on State Pension eligibility.