Conservatives pledge to cut National Insurance again – how much could you save?

A 2p reduction in National Insurance is a key feature of the Tory’s general election manifesto.

Conservatives pledge to cut National Insurance again
(Image credit: Getty Images)

UK workers have been promised yet another National Insurance tax cut if the Conservatives are re-elected.

Chancellor Jeremy Hunt has already cut National Insurance (NI) twice this year and the Tory general election manifesto, published today, pledges another 2p reduction.

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PayNI now (8%)NI with 2% cut (6%)Saving
£12,000000
£15,000£194£146£48
£20,000£594£446£148
£25,000£994£746£248
£30,000£1,394£1,046£348
£35,000£1,794£1,346£448
£40,000£2,194£1,646£548
£45,000£2,594£1,946£648
£50,000£2,994£2,246£748
£55,000£3,111£2,357£754
£60,000£3,211£2,457£754
£65,000£3,311£2,557£754
£70,000£3,411£2,657£754
£75,000£3,511£2,757£754
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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.