Martin Lewis shares urgent update on National Insurance – ‘you may be paying too much tax’ | Personal Finance | Finance

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However, he did note one vital warning for employees: “Do check your tax code if you’re an employee. 

“Millions are wrong, you may be paying too much tax on the back of that.”

The amount of National Insurance contributions one pays with every pay check largely differs depending on their income and tax code.

As a result, having the wrong tax code can see millions overpaying NI yet few know what tax code they actually fall into.





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