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Thousands of UK workers set for pay rise – and it happens within weeks

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money you can earn before you're required to pay National Insurance contributions (NICs) will rise to £12,570.This is an increase from £9,500 and applies from July 6. READ NEXT: More than six in ten Brits relying on credit and finance options now more than ever The exact amount you'll get in your pay could depend on how much you earn and you can check with the government's calculator.

So if you earn a salary of £20,000, you will pay around £291 less a year in National Insurance contributions.Chancellor Rishi Sunak first announced an increase in March and some of the lowest earners will pay no NICs at all.But the news comes after a National Insurance hike on April 6 which saw millions of workers paying extra.The social care levy added 1.25% points to National Insurance rates.Overall both changes mean that anyone earning around £35,000 or under each year will pay less NI than last year.National Insurance is a tax paid by workers above a certain level of earnings.The contributions help to fund benefits, like the state pension, sick pay and unemployment benefits.All UK nationals receive an NI number with a card automatically before they turn 16.It works differently if you're self-employed. Want all the biggest Lifestyle news straight to your inbox?

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