Millions of workers face National Insurance hike from today amid cost of living surge
The Daily Mirror says millions of workers will pay more tax on their earnings from today as higher National Insurance comes into effect to help plug a gap in social care funding.
National Insurance payments are increasing by 1.25 percentage points from April 6, up from 12% to 13.25%.
The increase is being introduced despite pressure for it to be suspended due to wider cost of living pressures – with energy, fuel and food bills all rising.
At the moment, you pay National Insurance on earnings above £9,568 a year but the threshold for when you start paying is rising to £9,880.
https://www.mirror.co.uk/money/millions-workers-face-national-insurance-26645235
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