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Transcripts for BBCNEWS BBC News 20240604 10:34:00

in tax actually pensioners may be caught up in tax whereas before april they haven t in tax whereas before april they haven t been. in tax whereas before april they haven t been. there is a question here that asks haven t been. there is a question here that asks will haven t been. there is a question here that asks will be haven t been. there is a question here that asks will be voluntary i here that asks will be voluntary national insurance class two contributions be affected? there are two changes contributions be affected? there are two changes coming contributions be affected? there are two changes coming in contributions be affected? there are two changes coming in effectively, l two changes coming in effectively, one is for workers and that is the one is for workers and that is the one that will take effect tomorrow, this cut in class one national insurance contributions. but there is also changes for 2 million people who are self employed but they don t take eff

Transcripts for BBCNEWS BBC News 20240604 13:52:00

tax cut at people who are working. and that is the reason why he has gone for national insurance this time, i guess it remains to be seen if there is any change to income tax at a budget later on during election year. clearly, income tax paid by pensioners in some cases, but national insurance isn t. someone else is saying that the chancellor has denoting new to help pensioners who are still working and will not benefit from the national insurance giveaway? not that we have heard, people who are retired don t pay national insurance. so if you are working, then that should have some sort of an effect, but i think if you are working, it is worth having a look at how you can mitigate your tax payments generally.

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