The threshold for paying National Insurance contributions rises to allow the average worker to keep £330 more of their earnings as the cost of everyday goods and services continue to shoot up.
That was brought in by Rishi Sunak, despite intense pressure to postpone the hike, to help pay for investment in health and social care.
Commentators have also recently highlighted how income tax thresholds, frozen until 2026, are pushing more people into paying higher tax bills. Sarah Coles, senior personal finance analyst at Hargreaves Lansdown, said:"Unfortunately, as time goes on, the tax burden is going to grow.
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