Shaun Moore, Tax and Financial Planning Expert, Quilter, for comment on how the change to the national insurance threshold is welcome, but could be too little too late.
The change essentially means that 30 million people pay less national insurance and enjoy an average of £330 more in their pay packet during the year. While certainly welcome considering runaway inflation and soaring energy prices this may be too little too late. With the Tory leadership race still rumbling on further tax cuts are likely on the cards.
HMRC data shows continued hit to pay packets but NI threshold increase could ease the pain
✉️ Alex Berry, External Communications Manager, Quilter, 07741 151 931 / alex.berry@quilter.com
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