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Hand Brake Turn On NI Contributions

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By *ercury OP   Man
over a year ago

Grantham

Proposed NI increases for the SE have now been postponed.

Good or bad?

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

Good. Self employed people have virtually no benefits such as holiday pay, sick pay, maternity leave etc so I think the rise was unfair.

Also if they target the self employed they will suddenly become employed by their own company, take a base salary under tax threshold along with all the benefits of employment. It was flawed from the beginning

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By *ouple in LancashireCouple
over a year ago

in Lancashire

Good for those who would have been affected, does look like the Tories tried it on post their manifesto and have had to back track..

which after Cameron is not news..

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By *abioMan
over a year ago

Newcastle and Gateshead


"Good. Self employed people have virtually no benefits such as holiday pay, sick pay, maternity leave etc so I think the rise was unfair.

"

that was true in the past.....not quite true now....

self employed people actually now do get sick pay (statitory) and Maternity pay.....

so people on PAYE have to pay 12% in NI conts. people who are self employ pay 9%.....

where is that fair? so much for all together.....

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


"Good. Self employed people have virtually no benefits such as holiday pay, sick pay, maternity leave etc so I think the rise was unfair.

that was true in the past.....not quite true now....

self employed people actually now do get sick pay (statitory) and Maternity pay.....

so people on PAYE have to pay 12% in NI conts. people who are self employ pay 9%.....

where is that fair? so much for all together....."
We dont get holiday pay which is 15 to 20 days leave on full pay.While im on the beach i often think of the thousands im losing in earnings.I dont get sick pay as i work for myself.Its swings and roundabouts.

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By *entaur_UKMan
over a year ago

Cannock


"Good. Self employed people have virtually no benefits such as holiday pay, sick pay, maternity leave etc so I think the rise was unfair.

that was true in the past.....not quite true now....

self employed people actually now do get sick pay (statitory) and Maternity pay.....

so people on PAYE have to pay 12% in NI conts. people who are self employ pay 9%.....

where is that fair? so much for all together.....We dont get holiday pay which is 15 to 20 days leave on full pay.While im on the beach i often think of the thousands im losing in earnings.I dont get sick pay as i work for myself.Its swings and roundabouts. "

Correct and self employed people have to pay for their own insurance such as public liability insurance, which would be covered by your employer if you worked direct on PAYE. Self employed people also have to pay out on other things out of their own pocket such as tools, PPE, fuel costs, and the list goes on, and on, people who are employed on PAYE get all of these benefits which the self employed don't get.

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By *abioMan
over a year ago

Newcastle and Gateshead


"Good. Self employed people have virtually no benefits such as holiday pay, sick pay, maternity leave etc so I think the rise was unfair.

that was true in the past.....not quite true now....

self employed people actually now do get sick pay (statitory) and Maternity pay.....

so people on PAYE have to pay 12% in NI conts. people who are self employ pay 9%.....

where is that fair? so much for all together.....We dont get holiday pay which is 15 to 20 days leave on full pay.While im on the beach i often think of the thousands im losing in earnings.I dont get sick pay as i work for myself.Its swings and roundabouts. "

okay... lets use the holiday pay arguement... by law you have to get 20 days (or equilivant).... so yes.... that works out at 8.5% of a year that we get off....

but that person on PAYE is paying 33% extra on NI conts.......

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


"Good. Self employed people have virtually no benefits such as holiday pay, sick pay, maternity leave etc so I think the rise was unfair.

that was true in the past.....not quite true now....

self employed people actually now do get sick pay ö(statitory) and Maternity pay.....

so people on PAYE have to pay 12% in NI conts. people who are self employ pay 9%.....

where is that fair? so much for all together.....We dont get holiday pay which is 15 to 20 days leave on full pay.While im on the beach i often think of the thousands im losing in earnings.I dont get sick pay as i work for myself.Its swings and roundabouts.

Correct and self employed people have to pay for their own insurance such as public liability insurance, which would be covered by your employer if you worked direct on PAYE. Self employed people also have to pay out on other things out of their own pocket such as tools, PPE, fuel costs, and the list goes on, and on, people who are employed on PAYE get all of these benefits which the self employed don't get. "

nobody forced them to be self employed - their choice!

There are many tax saving loopholes to SE that aren't available to PAYE. They also are not reporting to anyone either. Now that they are going to get the same pension benefits on retirement then it's fair.

Having been employed most of my working life, and now SE I have had both sides. Be grateful that your only paying 9% - I pay 23%!!!

Look at the big picture - why did Greece end up the way it is - nobody paid their tax but wanted all the benefit's.

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


"Good. Self employed people have virtually no benefits such as holiday pay, sick pay, maternity leave etc so I think the rise was unfair.

that was true in the past.....not quite true now....

self employed people actually now do get sick pay (statitory) and Maternity pay.....

so people on PAYE have to pay 12% in NI conts. people who are self employ pay 9%.....

where is that fair? so much for all together.....We dont get holiday pay which is 15 to 20 days leave on full pay.While im on the beach i often think of the thousands im losing in earnings.I dont get sick pay as i work for myself.Its swings and roundabouts.

okay... lets use the holiday pay arguement... by law you have to get 20 days (or equilivant).... so yes.... that works out at 8.5% of a year that we get off....

but that person on PAYE is paying 33% extra on NI conts.......

"
Say you earn 20k you're paying 3% more which is £600 NI.Your Holiday pay is £1700 at 8.5%.Not sure if my maths is correct.Feel free to point out the flaw in my thinking.

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

Good

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

[Removed by poster at 15/03/17 14:34:25]

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By *LCCCouple
over a year ago

Cambridge

There are pros and cons to being employed. There are pros and cons to being self employed. Work out which one you would rather do and do that. It's not rocket surgery!

Self employed people can get ESA if they are too sick to work.

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By *andS66Couple
over a year ago

Derby


"Good. Self employed people have virtually no benefits such as holiday pay, sick pay, maternity leave etc so I think the rise was unfair.

that was true in the past.....not quite true now....

self employed people actually now do get sick pay (statitory) and Maternity pay.....

so people on PAYE have to pay 12% in NI conts. people who are self employ pay 9%.....

where is that fair? so much for all together....."

Self employed people are not eligible for SSP.

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By *oo hotCouple
over a year ago

North West

It is a sign of how weak is the political opposition in this country that more is not being made of this.

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By *ercury OP   Man
over a year ago

Grantham

I think most are waiting for the Taylor report later this year, regarding work and working practices.

I think that companies like Uber and Deliveroo may be worried.

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By *andS66Couple
over a year ago

Derby


"Good. Self employed people have virtually no benefits such as holiday pay, sick pay, maternity leave etc so I think the rise was unfair.

that was true in the past.....not quite true now....

self employed people actually now do get sick pay (statitory) and Maternity pay.....

so people on PAYE have to pay 12% in NI conts. people who are self employ pay 9%.....

where is that fair? so much for all together.....We dont get holiday pay which is 15 to 20 days leave on full pay.While im on the beach i often think of the thousands im losing in earnings.I dont get sick pay as i work for myself.Its swings and roundabouts.

okay... lets use the holiday pay arguement... by law you have to get 20 days (or equilivant).... so yes.... that works out at 8.5% of a year that we get off....

but that person on PAYE is paying 33% extra on NI conts.......

"

Although going off subject slightly, you mentioned holidays in relation to NIC. So its only fair to maybe look at the whole issue of self employment compared to permanent employment....

First off, that 8.5% holidays you refer to is at full pay. NIC is a percentage of full pay, so your argument is financially flawed.

Also, EU law is a minimum of 20 days paid annual leave....UK law is 28 days to take into account bank holidays (just one of the areas where UK employment law is better than EU law).

Most companies pay an employee if sick for two weeks.... Some even for up to 6 months.

Companies pay for an employee's training - whether in house or externally provided. That employee also gets paid whilst being trained.

If you are an employee on, say £26K a year, for a 40 hr week, you earn £12.50/Hr....

BUT you have 28 days holiday a year, receive 5 days training at say £150 cost per day (more if you have to go away for training), are unfortunate to be sick (and paid) for 7 days (national average), get a 30 minute paid meal break each day.... How much would that cost your employer per week (or hour) for the time you actually work? And that doesn't include if you have to travel during work time.... Say if you're in sales, a service engineer, community care worker, etc.

Now look at self employment....

And apart from holidays, set aside something for sickness, training, not getting paid meal breaks,.... also factor in accountancy fees, insurances,(PL, PI, vehicle, tools and equipment, etc), workwear, tools, office equipment, NIC, administration time, the fact that you're not guaranteed work, etc.

How much per hour would you charge to earn that £26K per year?

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