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starting rate
noun
- (in Britain) a rate of income tax below the basic rate
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Example Sentences
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The starting rate for NI for 27 million employees fell twice in 2024: from 12% to 10%, and then again to 8%.
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The starting rate for National Insurance for 27 million employees fell twice in 2024: from 12% to 10%, and then again to 8%.
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The starting rate for NI changed from 10% to 8% for 27 million workers on 6 April 2024.
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Chancellor Jeremy Hunt announced in the Budget that the starting rate for NI will change from 10% to 8% for 27 million workers, from 6 April 2024.
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A newly qualified doctor in Northern Ireland earns 拢26,000 per year; in England the starting rate is over 拢33,000, and in Scotland it is 拢32,000.
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