The first salary slips affected by the new NI rates should be slipping into employees' hands right a...
The first salary slips affected by the new NI rates should be slipping into employees' hands right about now and the effect is likely to be another blow to the government's attempts to close the savings gap, Insight Investment says. It calculates that the gap will increase by up to £2.8bn this year because the reduction in disposable income will act as a dis-incentive to saving. The figure is based on the £204 reduction in disposable income that the average earner will take-home over the course of the next year, and which half of those surveyed by Insight said would mean they ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes