How much the National Insurance income tax will cost you each year explained

dailystar.co.uk:

the Mirror claims that Brits earning £30,000 annually will shell out an extra £255. It will not affect anyone claiming state pension and those over pension age who work will not pay in 2022.From April 2023, the rise will be charged at the same rate but listed on payslips and a “Health and Social Care Levy” – and it will apply to workers over pension age from this point.But, as NI is not payable on investment income wealthy landlords or those who live off of investment portfolio dividends are exempt.But, what will you be paying on your income?

Well, those on £100,000 will pay £1,130 more, while an £80,000 earner will pay an extra £880 a year, reports the Telegraph.Those on a wage of £60,000, £40,000 and £20,000 will be forced to hand over an.