You just pay NI on the pension contribution above £2k. So for higher rate tax payers the marginal Employee NI rate is 2%. The Employer one is 15%. So if you contribute £7k pa to your pension, you pay… (View Post)

Was about to comment this. Good news. It means no need for further fiscal twiddling until this time next year, so we can get rid of constant speculation on tax rises and the fiscal headroom. And it m… (View Post)

I'd argue AAA money market funds are much less risky than holding cash in a bank. They don't up and down in value in practice.* I could name you several that have only ever gone up in value… (View Post)

So how does our youth unemployment rate look historically? ... So not yet at crisis levels - it took a long time to get down to these levels after 2008 - but higher than you'd want it. And risin… (View Post)

Yep were going to end up like the French and a two-tier employment system. Tier 1: high minimum wages and protections for those formally employed. Hard to get rid of. Tier 2: lots of 'self-emplo… (View Post)