National Insurance threshold rise: Tax cut for millions but does it affect state pension?

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The National Insurance threshold contributions threshold has risen - it's estimated to see millions benefit from a tax cut - but does it affect state pension?

The National Insurance contributions threshold increased to £9,500 per year back in April. According to HM Treasury, the move is expected to see 31 million people benefit from a tax cut.It's expected to see a typical employee save around £104 in 2020 to 2021.

 

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