People due higher take-home pay after new National Insurance cut this weekend

Millions of workers will receive a boost in their take-home pay from this weekend when the main rate of class 1 National Insurance deductions will be cut from 10 per cent to 8 per cent. The change on April 6 follows on from the cut at the start of the new year when NI deductions dropped from 12 per cent to 10 per cent.

Commenting on the NI cuts, Lily Megson, Policy Director at My Pension Expert, said: “There will be millions of people across the UK celebrating the NI cuts. Around 27 million of them, in fact. Top Money Stories Today She explained: “Canny savers can use this latest measure in a way that helps to beat the fiscal drag rise in income tax and turbo-charges their retirement savings - and all without sacrificing take-home pay.

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