BBCNEWS BBC News at One March 23, 2022 13:29:00
Critically for lower earners, by increasing quite significantly at the point at which you start to pay national insurance contributions, up to the same level as the income tax personal allowance, £12,500, at least from july meaning that people earning about 35— £36,000 per year will be a bit better off as a result of those two things, and if you earn more than that you will be worse off. but as we go further through time, because it is freezing that alongside the income tax personal allowance on the point at which you get, you start to get better off will come further down the distribution...