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United Kingdom · Question · Written question

UIN 132275

Graduates: Marginal Tax Rates

answeredUnited Kingdom· UK Parliament· EN

Introduced

1 March 2022

Last action

9 March 2022 · Answer

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Answered

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Source updated

9 March 2022

Summary

To ask the Chancellor of the Exchequer, what the marginal rate of tax, taking student loan repayments into consideration, will be for a graduate earning over £27,295 after the Government's National Insurance rise and changes to the student loan system are

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Timeline

  1. 1 March 2022

    Written question

    To ask the Chancellor of the Exchequer, what the marginal rate of tax, taking student loan repayments into consideration, will be for a graduate earning over £27,295 after the Government's National Insurance rise and changes to the student loan system are

    Source: Commons

  2. 9 March 2022

    Answer

    The Health and Social Care Levy introduces a new 1.25 per cent tax. In the 2022-23 tax year this will be collected via a temporary increase to National Insurance contributions (NICs). Revenue raised will be ringfenced to support UK health and social care ...

    Source: Written answer

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