Experts predict NI changes

The Sunday Times reflects on a report by the King's Fund which suggests more than 1m over-65s should prepare for an increase in their tax bills.  The report recommends an end to the exemption that allows those who continue working past state retirement age to avoid 12% NI.  Tax experts say the report could pave the way for the current system of NI to be abolished.  Andrew Hubbard of Baker Tilly said "We have employment taxes that have to be paid if you are working.  Why should you be allowed to avoid them because you have celebrated a certain birthday?"  Chas Roy-Chowdhury, head of taxation at the ACCA, agreed, saying "I think it highly likely that something will change".