In reply to Rob Naylor:
> Agree...IF you get the same benefits. But you don't. Part of the NI contribution nominally goes towards servicing various benefits which the self-employed just don't get, so IMO it's right that their contributions should be slightly lower (speaking as an employee here).
The problem is the fact that half the population still think their NICs go into some pot or are set aside for them to claim out of later etc.. rather than every penny being spent that year on anything.
The whole structure needs a clean sweep. Higher up front income tax. Then another percentage which goes into a pension fund or unemployment reserve pot, which is your alone.
You can have an annual statement showing this is your pension etc.. also if your claim all you unemployment pot then you fall back on a subsistence level state benefit. The more you personally set aside, the bigger your emergency or retirement pot is.