National insurance is a tax, rather than an insurance, although the pension you recieve, sick pay and so on are related to it. We have abolished working  tax credit, so that leaves working people needing to live on what they earn. Nightmare? Well not really, not if it’s possible to put the money you earn in your pocket and then spend it on things you need, and maybe even things you want. The revolutionary will make National insurance a tax on income, not work. All income will be subject to it. Investment income, rents, capital gains, and the rate will be 5%. All income, includes that earned by non residents, on renting out property in England, for example. Employers will pay 6% on all payments and benefits given to employees. There will be no upper or lower limits. Pensions will be subject to the tax.

It is in fact practically impossible to save for a pension, even if you have the money to invest, the investments can very well go down as well as up. The state pension needs to be adequate. A couple should get at least the equivalent of one person on minimum wage. That would be £247 from october, less 5% NI gives £234 for a couple, £ 140 for a single person. The revolutionary government will pay this for anyone over 67 years old with 40 years contributions. SERPS pensions already earned will be paid (less 5% NI) but future  earnings will not generate further entitlements to SERPS.