National Insurance contributions set to rise by 1.25% – how much will you need to pay? | Personal Finance | Finance
According to a survey conducted by Nerdwallet, some 79 percent of respondents said they were unhappy with the pending tax rise on their earnings.
Some 54 percent of those polls said they believed hiking National Insurance contributions is not the ideal way for the Government to finance the NHS and social care.
In response to the Government’s decision, 69 percent of those who took part in the survey admitted that they are planning to change their spending habits ahead of the changes to National Insurance.
Connor Campbell, a personal finance expert at NerdWallet, explained: “Of course, rising costs are never welcome. And for those living on the breadline, the smallest loss can have the biggest impact.
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