Name: National Insurance threshold rises in April
SKU: 7864
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National Insurance threshold rises in April

£32.00

This 365-word blog post discusses the Chancellor of the Exchequer Sajid Javid’s announcement confirming that the government will raise the threshold for National Insurance contributions (NICs) from the beginning of April. Written on 3 February 2020.

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Category: Personal Finance.

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Even before the Budget next month, there’s some good news in the form of a confirmed tax cut.

Chancellor of the Exchequer Sajid Javid has confirmed that the government will raise the threshold for National Insurance contributions (NICs) from the beginning of April.

At the same time, he assured retirees that state pension credits would not be affected.

According to new legislation presented in parliament on 30th January 2020, the threshold will be raised by 10% to £9,500. Therefore, if you earn less than this amount, you will pay no National Insurance contributions.