The revenue threshold for paying the tax will rise from £9,880 to £12,570, which means a decrease proportion of individuals’s salaries might be topic to it.
For the reason that April hike, staff have paid 13.25 p.c in contributions on any earnings between £9,880 and £50,000, and three.25 p.c on all the things over £50,000.
In March this 12 months, Britons with an annual wage of £30,000 would have paid £204.32 per thirty days in Nationwide Insurance coverage contributions.
Following the rise in April their funds would have elevated to £222.16 a month.
Nevertheless these will drop to £192.46 from July 6 in keeping with figures from That is Cash. This equals a 5.8 p.c drop because the begin of the 12 months.