Quote:
Originally Posted by Hugh
And isn't that were some of the burden should be? - NI doesn't cover/fund an adequate State Pension.
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When I last checked the figures, 2005/2006 year. The NI contributions were in profit funny enough.
There was about 12 billions worth of NI spare from NI intake that was not used on NI based benefits pensions/IB and NI JSA. Where that 12 billion went I have no idea, I expect to fund a shortfall somewhere.
The government is good at misleading people.
If the government were to drop NI related benefits, I would expect them (if moral) to likewise drop NI taxation levels. Otherwise people are paying for the same thing twice.