Major changes to how much National Insurance you pay are set to come into effect this week as the government aims to helps those most impacted by soaring living costs. Earlier this year Chancellor Rishi Sunak announced a raft of measures in a bid to help those hardest hit by rising energy costs, supermarket prices, council tax hikes and fuel prices.
The £15 billion emergency package included extra cash for low-income households, those with disabilities, pensioners and other groups. Also announced was an increase to the income threshold at which people have to start paying national insurance which the government claims will benefit 30 million workers in the UK.
The changes mean some of those on low incomes could have a few hundred extra pounds in their pocket as a result of the changes. However, others will end up paying more. Here is everything you need to know about National Insurance including what it is, when and what changes are coming and how much tax you'll pay.
