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Spring Budget 2024: National insurance contribution (NIC) rate cut to 8%

Employee Benefits

Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April. This means that a person on the average wage now has the lowest effective personal tax rate since 1975. a month and £125.60

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How will the Spring Budget 2024 affect pay, pensions and employee benefits?

Employee Benefits

Image credit: photocosmos1 / Shutterstock.com Chancellor of the Exchequer, Jeremy Hunt (pictured), delivered his Spring Budget speech in the House of Commons on Wednesday 6 March. appeared first on Employee Benefits.

Pension 105