Millions of workers will be better off thanks to a major change to National Insurance that comes into effect from Sunday (November 6).
The 1.25% rise in National Insurance (NI) contributions, which was brought in earlier this year, has now been reversed. This means that, over a certain threshold, you now pay 12% in NI contributions instead of 13.25%.
According to the Government, around 28 million people across the UK will now keep an extra £330 a year on average in the 2023/24 tax year, reports The Mirror. Here is a guide to what is happening and how much money you are likely to save.
