It says 70% of those who pay National Insurance will pay less from July, while 2.2 million people will pay nothing at all. For earnings above £50,270, the rate at which you pay National Insurance is rising 1.25 percentage points next week to 3.25%, up from 2%. The point at which you’ll start paying more National Insurance after July is around £35,000, according to MoneySavingExpert Martin Lewis. Once you reach state pension age, you no longer need to keep paying National Insurance. How to cut your National Insurance billIf your company offers a salary sacrifice scheme for pension contributions, then you can slash your National Insurance bill by paying more into your pension.

Source: Daily Mirror April 02, 2022 06:55 UTC