Cost of living: National Insurance rise starts to hit pay packets

BBC News says the burden of tax falling on workers and employers has increased as a hotly-debated rise in National Insurance payments takes effect.

Employees, businesses and the self-employed will pay an extra 1.25p in the pound. The extra tax is earmarked for government spending on social care.

Some MPs opposed the move amid cost of living pressures, but mitigation will instead be introduced in July.

Experts are urging people to check their status as a new tax year starts.

Earnings levels at which people start to pay income tax have been frozen, increasing the chances of employees being dragged into a new band – with a higher rate of tax – if they receive a pay rise.

https://www.bbc.co.uk/news/business-60996174

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