30 million people across the UK are set to benefit from the biggest personal tax in a decade from today - with some workers expected to save up to £330 per year. The £6 billion tax cut will see the level at which people start paying National Insurance rise to £12,570 – lifting 2.2 million people out of paying any personal tax.
The threshold change means that 70% of UK workers will pay less National Insurance. Prime Minister Boris Johnson said that no matter a person's job, "this tax cut is likely to make you and your family better off.”
The Prime Minister 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 percent 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 spiralling social care costs.
