Millions to get national insurance cut as new tax year starts

Millions of workers will receive a national insurance cut as the new tax year gets underway, helping to ease some of the strain on household budgets.

The main rate of employee national insurance will be cut from 10% to 8% from April 6 – the first day of the 2024-25 tax year.

When combined with a cut previously announced in the autumn statement, this will save the average worker on £35,400 more than £900 a year, the Government has said. About 27 million workers will benefit from the reduction.

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