GovWire

Reversal of National Insurance Increase takes effect today

Hm Treasury

November 6
07:00 2022

  • The reversal of Aprils rise in National Insurance takes effect across the UK from today
  • Added to Julys increase in National Insurance thresholds, almost 30 million people will be 500 better off on average next year
  • Most employees will start to receive this tax cut directly through payroll between November and February

The tax cut was announced by the government on 22 September, as part of the reversal of the Health and Social Care Levy.

Working people across the UK will begin receiving the tax cut in their payslips this month, with all expected to have started receiving it by February.

The move to reverse April National Insurance increase follows the rise in National Insurance thresholds in July. As a result of both measures, working people will be 500 better off, on average, next year.

Funding for health and social care services will be maintained at the same level as if the levy were in place.

It takes effect in all parts of the UK and means working people will

Related Articles

Comments

  1. We don't have any comments for this article yet. Why not join in and start a discussion.

Write a Comment

Your name:
Your email:
Comments:

Post my comment

Recent Comments

Follow Us on Twitter

Share This


Enjoyed this? Why not share it with others if you've found it useful by using one of the tools below: