National Insurance payments will rise from Wednesday as part of the government's plans to fund the NHS and social care.
The energy price cap hike, council tax rises and an increase in VAT have already exacerbated the cost of living crisis this month And now, with the start of the new tax year on Wednesday, April 6, another raft of changes will be coming into force.
Brits will see their National Insurance (NI) payments rise by 1.25 per cent. Payments will only be collected on wages above £9,880, although this rises to £12,570 in July – a threshold change announced by the chancellor, Rishi Sunak, at the recent spring statement.
