Quote Originally Posted by Undercoverinwurzelland View Post
Social care definitely needs sorting as it's been underfunded for ages, but NI in it's current form is the wrong way to fund it.
Someone earning £20k a year will now pay 6.9% of their salary on NI, going up to 10.7% at £50k - fair enough, but then it starts to go down, with £100k earners paying 7% and £130k earners 6.1%.
Income from share dividends, investments and property are exempt from NI too.
Should be income tax, not NI.
Dividend tax is also going up by 1.5% - so if like me you are a director of your own company I'll pay 1.5% extra NI as an employee, 1.5% extra as an employer and 1.5% extra for dividends.

My wife and I are both employees and directors fo in total thats 9%....