Zurich calls for NI rebate to help self-employed save

In Wednesday's Budget, Chancellor Philip Hammond declared class 4 NICs paid by self-employed workers would rise from 9% to 10% in April 2018, and to 11% in 2019 and class 2 NICs would be phased out. Now Zurich head of corporate market management Martin Palmer (pictured) argued the government should use parts of the funds generated from the cuts to incentivise self-employed workers to save into a pension. Under his proposals the self-employed should be able to deduct pension contributions from their business profits as an allowable expense. This would cut their class 4 NI bill, thus...