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Old 15-05-2010, 01:01   #29
gazfan
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Location: Cleethorpes
Services: Virgin XL
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Re: Your top priorities for the new coalition

I like the idea of an increase in the threshold for paying tax & £10,000 seems fair - however I'd imagine that would still be reduced by 'perks' such as company cars & private health schemes.

One thing I'd like to see is a review of 'National Insurance' contributions

- firstly any contribution should be allowed to be set against tax liability - at present, afaik, tax is based on earnings before NI contributions are taken - I'd like tax to be based on a net figure after the NI is taken.
- secondly I would like to see the abolishment of the 'upper earnings limit' for NI - and move the liability for payment on earnings above the UEL to the employee, rather than the employer, probably on a sliding scale, but offset against tax liability, as above.
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