Money Box

National Insurance Cut and Council Tax Debt


Listen Later

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 £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 £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)

...more
View all episodesView all episodes
Download on the App Store

Money BoxBy BBC Radio 4

  • 4.1
  • 4.1
  • 4.1
  • 4.1
  • 4.1

4.1

21 ratings


More shows like Money Box

View all
Global News Podcast by BBC World Service

Global News Podcast

7,663 Listeners

More or Less by BBC Radio 4

More or Less

893 Listeners

Newshour by BBC World Service

Newshour

1,062 Listeners

Wake Up to Money by BBC Radio 5 Live

Wake Up to Money

57 Listeners

Money Clinic with Claer Barrett by Financial Times

Money Clinic with Claer Barrett

56 Listeners

The Martin Lewis Podcast by BBC Radio 5 Live

The Martin Lewis Podcast

64 Listeners

In Our Time by BBC Radio 4

In Our Time

5,478 Listeners

The Documentary Podcast by BBC World Service

The Documentary Podcast

1,799 Listeners

In Our Time: History by BBC Radio 4

In Our Time: History

1,882 Listeners

6 Minute English by BBC Radio

6 Minute English

1,755 Listeners

Learning English Conversations by BBC Radio

Learning English Conversations

1,048 Listeners

The Infinite Monkey Cage by BBC Radio 4

The Infinite Monkey Cage

2,085 Listeners

The Bottom Line by BBC Radio 4

The Bottom Line

35 Listeners

Investors' Chronicle by Investors' Chronicle

Investors' Chronicle

15 Listeners

This is Money Podcast by This is Money

This is Money Podcast

35 Listeners

The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

85 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

12 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

12 Listeners

Which? by Which?

Which?

12 Listeners

On The Money by interactive investor

On The Money

4 Listeners

You're Dead to Me by BBC Radio 4

You're Dead to Me

3,203 Listeners

The Bomb by BBC World Service

The Bomb

1,034 Listeners

Switch Your Money On by Hargreaves Lansdown

Switch Your Money On

3 Listeners

Making Money by Damien Jordan & Timeyin Akerele from Most

Making Money

8 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

35 Listeners