Home Business NewsBusiness Sunak raises National Insurance threshold

Sunak raises National Insurance threshold

by LLB Reporter
23rd Mar 22 1:26 pm

The chancellor today announced that the government will raise the threshold for the amount people earn before they pay National Insurance.

“From this July, people will be able to earn £12,570 a year without paying a single penny of income tax or National Insurance,” he said.

“That’s a £6bn personal tax cut for 30 million people across the United Kingdom.

“A tax cut for employees worth over £330 a year.”

He adds: “The largest increase in a basic rate threshold ever, and the largest single personal tax cut in a decade.”

Leave a Comment

You may also like


Sign up to our daily news alerts

[ms-form id=1]