The rise of 1.25p in the pound that employees have been paying since April is being reversed
Budgets are like buses these days. You wait ages for one to come along then two arrive at once, making it harder to keep track of your tax affairs.
However, one of the few decisions taken by Kwasi Kwarteng that still stands is his reversal of April’s national insurance rise. The tax cut kicked in on Sunday and it means nearly 30 million people will keep more of their pay next year.
£93 a year for someone earning £20,000.
£343 for someone earning £40,000.
£593 for someone earning £60,000.
£1,093 for someone earning £100,000.
