Budget 2024

The headliner for this budget was the 2p cut in National Insurance Contributions, however this is less generous than it might appear. 

Income tax and national insurance thresholds remain frozen until 2028

For some the personal tax allowance being frozen, combined with fiscal drag caused by inflation, will offset the cuts to National Insurance Contributions.  This is because more income will be subject to income tax, with more people paying tax and more ...