Reversal of national insurance increase
Reducing the basic rate of income tax by 1%
Abolishing the 45% income tax rate
Reduction in dividend tax
Income
group
£0
3,000
6,000
9,000
The lowest income
households will save
£22.12 under the
the new tax cuts...
1
2
3
4
5
6
7
8
9
10
11
12
...while the richest
households will gain
an extra £9,187 a year
13
14
15
16
17
18
19
20
Reversal of national insurance increase
Reducing the basic rate of income tax by 1%
Abolishing the 45% income tax rate
Reduction in dividend tax
Income
group
£0
2,000
4,000
6,000
8,000
10,000
The lowest income households
will save £22.12 under the
the new tax cuts...
1
2
3
4
5
6
7
8
9
10
11
12
...while the richest
households will gain
an extra £9,187 a year
13
14
15
16
17
18
19
20