Topic: | Re:Re:Re:Re:Re:Re:Re:Deferring your state pension | |
Posted by: | Will Watson | |
Date/Time: | 13/05/15 12:12:00 |
"One partial solution is to merge income tax and national insurance. Chancellors of both the main political parties have been laying the administrative/regulatory foundations for this radical change for the last sixteen years." Sam, although this is an excellent proposal (one I have been suggesting since the 70s) I don't see how it helps governments afford the ballooning pension bill. One thing it will do is clarify that NIC is not insurance and neither is it a contribution (in the sense of a pension contribution) which may give some a reality check. |