Workers to save £330 a year from November after MPs voted to reverse tax laws

Workers to save £330 a year from November as MPs vote to reverse tax laws

Basic rate taxpayers will on average see a gain of approximately £75 in 2022-23 rising to £175 in 2023-24.

For higher rate taxpayers, these figures are on average approximately £300 in 2022-23 rising to £700 in 2023-24. For additional rate taxpayers, the gain will be on average approximately £1,650 in 2022-23 rising to £3,890 in 23-24. The PM has promised that the extra cash will still go to the NHS and struggling social care, but hasn't said how it would be funded.Those not paying National Insurance won't benefit from the cut.

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