Martin Lewis expert issues warning over cut-off for pension credit

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Brits need to be wary of one deadline, the Martin Lewis Podcast was told

Martin Lewis and his panel of specialists delved into the nation's pressing tax queries this week on The Martin Lewis Podcast. The "tax deity", Rebecca Benneyworth, joined the panel, where one viewer's peculiar query about the imminent drop in National Insurance stole the limelight.

Come April, the National Insurance rates were taken down by two percentage points with class one contributions retreating from 10% to 8%, while class four, the denomination for the self-employed, is taking a dip to 6%. This overarching adjustment has seen Brits urged to retain a greater portion of their take-home pay due to the milder tax rate.

 

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