Spring Budget 2024
Many of the announcements made by the Chancellor will have a significant impact on our personal finances. The additional cut to class 1 national insurance contribution (NIC) rates to 8% will see take home pay go up, while the class 4 self-employed rate also sees a reduction.
Many key allowances and thresholds, however, remain frozen, so understanding the effects of existing tax levels and new measures announced in 2024/25 are key to your planning. We at Wealth Professional will be delighted to discuss any of these announcements that may impact you.
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