A pensions expert has warned that urgent questions need to be answered by the government about where the cash to fund the State Pension will come from following the government’s decision to cut employees’ National Insurance from 10% to 8% from April.

Chancellor Jeremy Hunt has announced a cut to employees’ National Insurance from 10% to 8% from April as one of a raft of measures announced in his Spring Budget today.

Chancellor Jeremy Hunt’s National Insurance (NI) cuts, which come into effect on Saturday, could hit the future funding of the state pension and current triple lock.

Chancellor Jeremy Hunt has announced that the Government will abolish the “Class 2” National Insurance charge for self-employed people earning over £12,570 a year.