This Act raises the threshold for National Insurance Contributions, aligning it with the income tax personal allowance. It aims to reduce the financial burden on employees and self-employed individuals by increasing the starting point at which National Insurance is due. This legislative change is part of a broader effort to support low and middle-income earners, especially in light of economic pressures. By elevating the thresholds, the Act simplifies the tax system and provides immediate relief to millions, reflecting the government's commitment to easing cost-of-living challenges.
LexisNexis traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.
TAKE A FREE TRIALThis Act raises the threshold for National Insurance Contributions, aligning it with the income tax personal allowance. It aims to reduce the financial burden on employees and self-employed individuals by increasing the starting point at which National Insurance is due. This legislative change is part of a broader effort to support low and middle-income earners, especially in light of economic pressures. By elevating the thresholds, the Act simplifies the tax system and provides immediate relief to millions, reflecting the government's commitment to easing cost-of-living challenges.
LexisNexis traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.
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