Starting this month, critical measures to help boost incomes are coming into effect for people across Sefton.
With inflation falling and unemployment low, further steps are being taken this month to help people across Sefton:
The National Living Wage, introduced by the Conservatives, is going up 9.8% to £11.44 an hour. Benefiting a full-time worker on the minimum wage by £1,800 a year. Details of all rates here - https://www.gov.uk/national-minimum-wage-rates
National Insurance Tax is cut from 10% to 8%. Combined with the January cut, this will save a worker on the average salary around £900 a year. Details of this here - https://www.gov.uk/government/publications/changes-to-national-insuranc…
State Pension - up 8.5%. Meaning since 2010 the average pensioner has seen their income go up by £3,700 a year. Our triple lock for pensions remains and Winter Fuel Payments, bus travel and prescriptions are protected. All benefit rates are here - https://www.gov.uk/government/publications/proposed-benefit-and-pension…
15 hours of free childcare a week becomes available to parents of 2-year olds. Once fully rolled out, our 30-hour commitment to working parents will save them up to £6,900 a year. Read more about this here - https://www.gov.uk/help-with-childcare-costs
