Health and Social Care Levy pushing families to the brink

health and social care levy pushing families to the brink

Sumary of Health and Social Care Levy pushing families to the brink:

  • Someone earning £20,000 will see their yearly National Insurance bill rise from £2,736 to £2,867. That’s a huge increase for someone on a tight budget!
  • And by increasing National Insurance rather than Income Tax, the levy catches more of the poorest workers.
  • That’s because National Insurance kicks in at £9,500 earnings per year, whereas Income Tax doesn’t start until you earn £12,570 per year.
  • Why the levy could affect jobs Not only will workers face a bigger tax bill, but employers will also have increased costs with an extra 1.25% National Insurance to pay on salaries.
  • For people trying to get their finances back on track, this latest tax rise comes as a body blow.

Want to know more click here go to source.

From -

Generic selectors
Exact matches only
Search in title
Search in content

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.