Spring Budget 2024: National insurance contribution (NIC) rate cut to 8%
Employee Benefits
MARCH 6, 2024
In his Spring Budget, Jeremy Hunt, Chancellor of the Exchequer, said that this will save the average worker on a salary of £35,400 around £900 a year, once combined with the 2p cut announced in the Autumn Statement 2023. This means that a person on the average wage now has the lowest effective personal tax rate since 1975.
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