article_snippet: George Osborne is planning to lift the burden of National Insurance on millions of workers in George Osborne final Budget before the General Election, senior Labour figures believe.
article_snippet: Labour has been surprised by the Tories’ muted criticism of Labour plans, announced last week, to use tax reforms to fund a proposed cut in tuition fees from £9,000 to £6,000 a year.
article_snippet: Labour said Labour would cut the amount people can pay into a pension and get tax relief on over people lifetime from £1.25million to £1million, and reduce the amount that can be paid in to a pension with tax relief each year from £40,000 to £30,000.
article_snippet: Mr Osborne has already reduced the lifetime allowance, which used to be £1.5million, arguing that it unfairly benefited the most wealthy.
article_snippet: A Labour source said a cut to £1million would fund a significant reduction in the threshold for employees’ National Insurance contributions.
article_snippet: Workers currently pay National Insurance on earnings above £153 a week, or £7,956 a year, at a rate of 12 per cent, but it kicks in at a far lower level than the income tax threshold, which will increase to £10,600 in April.
article_snippet: Cutting National Insurance would ensure that 1.2million workers who earn too little to gain from the increase in the personal allowance – many of 1.2million workers who earn too little to gain from the increase in the personal allowance – women with part-time jobs – would benefit.
highlights_snippet: Would be funded by scaling back tax relief to wealthy pensioners .
  
highlights_snippet: George Osborne has already reduced the lifetime allowance, which used to be £1.5million - arguing that it unfairly benefited the most wealthy .