Employees' Contributions: Young People
(asked on 19th October 2017) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what the cost would be of removing the payment of employee national insurance by people under 26.
This question was answered on 2nd November 2017
The information requested is not readily available and could be provided only at disproportionate cost.
HMRC does not hold an estimate of the cost of making this policy change. In order to do so would require the modelling of the cost in pre-behaviour terms as well as a number of behavioral adjustments to the costing driven by the differential NICs rates on different income streams this policy would create for those under 26.