The winners in this year’s Budget are identifiable. First: all earners. An increase in National Insurance Contribution (NIC) thresholds is a welcome move for all employees and the self-employed. The threshold will increase from £8,628 to £9,500, resulting in an annual NIC saving of £104 for employees and £78 for the self-employed.
Those saving for retirement will also gain. From 2020-21, the…
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