The future of state pension funding is in doubt following recently announced cuts to National Insurance. During the Spring Budget, Chancellor Jeremy Hunt confirmed the levy’s rate would be slashed to eight per cent for workers and six per cent for the self-employed. Combined with the National Insurance cut implemented in January, a worker on the average salary is expected to save £900. However, concerns have been raised over how the state pension will be paid for with experts questioning “where the money will come from”. Britons need to have 35 years of National Insurance contributions under t…
