MARTIN Lewis has revealed how much more you’ll take home this month following a national insurance cut. Hosting the fourth episode of of his latest series, The Martin Lewis Money Show, t…
When announcing the reversal, the Treasury said most employees will receive a cut to their national insurance contribution directly via their employer’s payroll in their November pay.and Mr Kwarteng that was not axed by Jeremy Hunt.The exact amount that you will save will depend on how much you earn.
Personal finance specialists at Hargreaves Lansdown have worked out how much people will save based on their earnings.Workers on £40,000 will save £343 a yearWorkers on £80,000 will save £843 a yearYou won't see the cash all at once in your paycheck. Instead, you'll see the amount of tax you pay each month reduced.is a tax on your earnings, which is put into a fund to use for some state benefits.
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