To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential impact of abolishing national insurance contributions on state pension entitlements.
Answered on
14 March 2024
The Government believes the double taxation of work is unfair. That is why we’ve cut 4p from employee NICs in the last six months which will mean the average worker receives a tax cut worth £900 this coming year and why we are committed to ending this unfairness.
Cutting NICs rates does not affect anyone’s entitlement to the State Pension or contributory benefits.
Answered by
Treasury
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