National insurance is going up, as you've probably heard by this point. Yes, that is a tax rise in all but name.
But it's slightly more complicated than that. The chancellor, Rishi Sunak, last week unveiled in his spring statement a rise to the national insurance thresholds, too, which means some people will actually pay less national insurance.
Among the wider cost of living crisis, it's all very confusing, so we thought we'd explain the Nics (national insurance contributions) rise once and for all. Fasten your seatbelts (and purse strings)!
