The 1% cut benefits those earning up to £50,270 per year and under £150,000.
For most people the tax free allowance is £12,570, so anyone earning above £12,571 will be better off but only up to £50,270.
£50,270 minus £12,570 is £37,700.
1% of £37,700 is £377.
Last edited by: zippy on Fri 23 Sep 22 at 19:36
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