FabSwingers.com mobile

Join us FREE, we're FREE to use

Web's largest swingers site since 2006.

Already registered?
Login here

Back to forum list
Back to Politics

Tax increase and percentage points

Jump to newest
 

By (user no longer on site) OP   
over a year ago

Been reading that the NI increase is 1.25% percentage points.

Appently that there is a difference between percentages and percentage points?

It seems like the wording made it sound like that increase was negligible, but in fact it is far higher.

Interesting…

Reply privatelyReply in forumReply +quote
 

By *ophieslutTV/TS
over a year ago

Central

How do you understand it OP?

Reply privatelyReply in forumReply +quote
 

By (user no longer on site) OP   
over a year ago


"How do you understand it OP? "

Was reading kept wondering why say percentage point as opposed to percentage then I read this.

https://www.omnicalculator.com/finance/basis-point

Reply privatelyReply in forumReply +quote
 

By *heBirminghamWeekendMan
over a year ago

here


"Been reading that the NI increase is 1.25% percentage points.

Appently that there is a difference between percentages and percentage points?

It seems like the wording made it sound like that increase was negligible, but in fact it is far higher.

Interesting…"

12% to 13.25% is an increase of 10.4%…… hmmm best refer to it as being only 1.25% points - sounds so much better

Reply privatelyReply in forumReply +quote
 

By *laydocMan
over a year ago

West Midlands

Making it sound negligible is very much in the government's interest.

Most people pay NI at the rate of 12%, that rate is being increased by 1.25 percentage points to a rate of 13.75%. That's an increase of 10.4%.

For example: if you earn £20,000 p.a. you currently pay £1252 NI, after the rise you will pay £130 more. If the increase in the charge itself was 1.25%, that would only be an extra £15.65.

Reply privatelyReply in forumReply +quote
 

By *ornyone30Man
over a year ago

ABERDEEN

Never trust a tory

Reply privatelyReply in forumReply +quote
 

By *laydocMan
over a year ago

West Midlands


"Making it sound negligible is very much in the government's interest.

Most people pay NI at the rate of 12%, that rate is being increased by 1.25 percentage points to a rate of 13.75%. That's an increase of 10.4%.

For example: if you earn £20,000 p.a. you currently pay £1252 NI, after the rise you will pay £130 more. If the increase in the charge itself was 1.25%, that would only be an extra £15.65."

Apologies - "13.75%" on line 3 should of course read 13.25%.

Reply privatelyReply in forumReply +quote
 
 

By *kstallionMan
over a year ago

milton keynes


"Been reading that the NI increase is 1.25% percentage points.

Appently that there is a difference between percentages and percentage points?

It seems like the wording made it sound like that increase was negligible, but in fact it is far higher.

Interesting…"

I look at as in increase in the percentage you pay as its relevant. Otherwise if it started at 1% and increased to 2% that would be a 100% rise

Reply privatelyReply in forumReply +quote
Post new Message to Thread
back to top