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National Insurance Cut and Council Tax Debt

National Insurance Cut and Council Tax Debt

Released Saturday, 4th May 2024
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National Insurance Cut and Council Tax Debt

National Insurance Cut and Council Tax Debt

National Insurance Cut and Council Tax Debt

National Insurance Cut and Council Tax Debt

Saturday, 4th May 2024
Good episode? Give it some love!
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National Insurance - a tax millions of working age people pay on their wages - is being cut this weekend, for the second time this year. The main rate of National Insurance has now fallen by a third - from 12% last year to just 8%. The Treasury says combined with above-inflation increases to personal tax thresholds since 2010, this will save the average earner over £1,500 compared to what they would otherwise have paid. What difference will it make to your pay?

The debt charity StepChange has told Money Box a third of people they helped last year were behind on their Council Tax payments with an average debt of more than £1,700. What can you do if you're struggling to pay?

Plus, changes to Child Benefit mean it will become available to thousands more families from this weekend - how will that work?

Presenter: Paul LewisReporters: Sarah Rogers and Eimear DevlinResearchers: Sandra Hardial and Jo KrasnerProducer: Craig HendersonEditor: Jess Quayle

(First broadcast 12pm Saturday 6th April 2024)

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