UK Chancellor of the Exchequer Rishi Sunak revealed that the National Insurance Contributions starting threshold will increase to £12,570 starting this July, an increase of £3,000.
It means that employees across the country will hold onto more of their earnings before they start having to pay tax.
As reported by the Daily Record, nearly 30 million people throughout the UK will benefit from the move — with an employee saving on average £330 a year beginning July 1.
