The Budget 2017 – What’s in it for those in New Middle Age?
This was a low-key, pre-Brexit Budget, focused primarily on supporting families and improving the outlook for our young people. But there were also some interesting features for the 50 to retirement generation – both good and bad. New Middle Age takes a look. The main rate of Class 4 NICs for the self-employed will increase by 1% to 10%, with a further 1% increase in April 2019. This change will increase national insurance costs for self-employed people with profits of more than £16,250, and will raise an average of 60p per week per self-employed person. This measure risks discouraging people from...
