Self employed PRSI in UK raised to 11%

[Brendan Burgess]

In his Budget yesterday, the UK Chancellor increased the UK's National Insurance Levy on profits of the self-employed from 9% to 10% next year, and 11% the following year.

"Employed and self-employed alike use our public services in the same way, but they are not paying for them in the same way. The lower National Insurance paid by the self-employed is forecast to cost our public finances over £5bn this year alone. That is not fair to the 85pc of workers who are employees," he said.

The equivalent Irish figure is 4%.

Would anyone know how the benefits compare?

Brendan

 

[jjm]

They are paying 10.75 % PRSI on every euro they pay there employees .

 

[Gerry Canning]

self -employed are becoming a larger cohort of UK workforce yetl get things like pension benefits .
if there are too many self employed on eg state pensions , without paye type contributions ,funding for eg pensions will eventually get hit .
what is overlooked is that most self employed earn less than most paye .so between the 5 billion present cost v paye and naturally no (employer) type contribution + less ordinary taxes than paye , means exchequer gets a double whammy.
It is thought that the increase in self employed is down to the (loss) of what used to be permanent type jobs eg companies hire in plumbers/drivers etc rather than have them as employees.
+ most self employed by not having regular work ,will not maintain consistent contributions to the state coffers.