Tax cut for employees may be reversed

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Tax cut for employees may be reversed

Most employees will get a tax cut in November, with some getting it in December or January depending on complexity of their employer's payroll software, the Treasury said.

The National Insurance rise was put in place to help the NHS recover from the coronaviruses epidemic, and the planned social care levy was designed to support the NHS from April.

If Liz Truss became prime minister, you only need to tune in to the Conservative leadership contest for a minute to know that the rise in National Insurance would be reversed.

There are so many other factors in play at the moment. This has been a topsy-turvy time for our finances.

Even if the rising cost of living and events you can't control makes those habits so hard to maintain, it's a good idea to prioritize essential bills and build a savings buffer.

There are weekly thresholds for National Insurance. The more money people earn, the more they earn, the more they earn, and the more they earn, the more they will benefit from this change.