SubtleBlade ⚔️

#NationalInsurance cut to kick in but more pay #tax - BBC News -

Combining the impact of the thresholds freezes and the NI cuts, independent think tank the #InstituteForFiscalStudies (#IFS) estimates that for every £1 given back to workers (including the self-employed) this year by the NI cuts, £1.30 will have been taken away due to the threshold changes between 2021 and 2024, with this rising to £1.90 in 2027.
https://www.bbc.co.uk/news/business-68722934
#ToryPoliciesInAction #TakeFromPoorGiveToRich

National Insurance cut to kick in but more pay tax

Tax and benefit changes take effect on Saturday but the wider outlook for finances is more complex.

BBC News
Apr 5, 2024 at 12:09pmWeb
Show threadTim Ward ⭐🇪🇺🔶 #FBPEApr 5, 2024
@SubtleBlade Worse for pensioners, who get the income tax rise but not the NI cut. Once Upon A Time you'd expect Tories to favour pensioners, who (but not me!) they expect to vote Tory, but apparently not any more.