Six million workers to pay higher National Insurance contributions after pension changes
Over six million workers will face a surprise cut in their take-home pay from next month after a technical tax change announced by the Chancellor.
George Osborne has changed the way national insurance contributions are calculated as moves to consolidate the state pension into a so-called “single tier”.
Affected employees face an extra 1.4 per cent charge on their earnings through NI, while employers will be hit with a 3.4 per cent charge.
