From the 6th November 2022 the 1.25 percentage point uplift in National Insurance will be reversed out. This also means the Health and Social care Levy will not go ahead as planned from April 2023.
As well as the NI reduction, the government will reduce the basic rate of Income Tax to 19% from April 2023 and remove the Additional Rate 45% tax band for earnings over £150,000/pa.
The following link is to the Chancellor’s growth plan released 23rd Sept 2023.