National Insurance should be abolished when the government’s proposed universal state pension is introduced, a leading think-tank has claimed.
The NI system has been abused by governments and is “riddled with anomalies, complexity and a lack of cohesion”, according to a report published yesterday by the Centre for Policy Studies.
It called for the system to be scrapped if the government pushes through its plans to replace the current system of state pension contributions with a single universal pension of around £140 per week, with no means testing.
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