National Insurance Cut and Council Tax Debt
New figures from a debt charity show a sharp rise in the money owed on Council Tax as bills go up.
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 拢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 拢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 Lewis
Reporters: Sarah Rogers and Eimear Devlin
Researchers: Sandra Hardial and Jo Krasner
Producer: Craig Henderson
Editor: Jess Quayle
(First broadcast 12pm Saturday 6th April 2024)
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- Sat 6 Apr 2024 12:04大象传媒 Radio 4
- Sun 7 Apr 2024 21:00大象传媒 Radio 4
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Money Box
The latest news from the world of personal finance