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By *bernath OP Couple
over a year ago
Gloucestershire |
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… |
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"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 
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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. |
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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%. |
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"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 |
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