Kwasi Confirms National Insurance Cut, Keeps Higher Contribution Thresholds

As expected, Kwasi has announced the National Insurance hike will be reversed, taking effect from November 6. There had been questions over the payment thresholds, given Rishi raised the Primary Threshold to align with the income tax personal allowance (£12,570) back in July. It’s now been confirmed the new, higher threshold will be retained. The Treasury says almost 30 million people will be better off by an average of over £500 in 2023-24. That’s more like it…

mdi-account-multiple-outline Kwasi Kwarteng
mdi-timer September 22 2022 @ 15:41 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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