National insurance threshold rises

The level at which people start paying national insurance rose from 6 July.

The level at which people start paying national insurance rose from £9,880 to £12,570 from 6 July.

According to the government, 30 million people across the UK will benefit from this tax cut. It says the increase will lift 2.2 million people out of paying any personal tax.

The threshold change means that 70% of UK workers will pay less national insurance, even after accounting for the Health and Social Care Levy, the government added.

Prime Minister Boris Johnson said:

'We know it's tough for many families across the UK, but we want you to know that this government is on your side.

'Today's tax cut means around 70% of British workers will pay less national insurance - even after accounting for the Health and Social Care Levy that is funding the biggest catch-up programme in NHS history and putting an end to spiralling social care costs.

'So whether you are a receptionist, work in hospitality or are a delivery driver, this tax cut is likely to make you and your family better off.'

Internet links: HM Treasury press release

Always Better
at giving a first class service


3 Kingfisher Court,
Bowesfield Park,
Stockton on Tees,
TS18 3EX



T : +44 (0) 1642 660 300
E : theteam@anderson-barrowcliff.co.uk

We use cookies on this website, you can find more information about cookies here. © 2024 Anderson Barrowcliff LLP. All rights reserved. powered by totalSOLUTION Registered company number: OC334152. Registered company address: Anderson Barrowcliff Limited Liability Partnership, 3 Kingfisher Court, Bowesfield Park, Stockton on Tees, Co Durham TS18 3EX Registered to carry on audit work in the UK and regulated for a range of investment business and consumer credit activities by the Institute of Chartered Accountants in England & Wales.