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Daily Mirror
Daily Mirror
Business
Levi Winchester

National Insurance calculator: See how much you'll save after 1.25% tax hike is reversed

National Insurance Insurance Kwasi Kwarteng

An increase to National Insurance contributions that came into effect earlier this year will be reversed from November 6.

Chancellor Kwasi Kwarteng confirmed the news in an announcement just hours before his mini Budget.

National Insurance contributions had increased from 12% to 13.25% in April after a 1.25 percentage point rise was introduced to pay for health and social care.

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