There was a lot to digest after todays budget announcement, so here is a recap: Income Tax Threshold - previously, 45p in every £1 earned above £150,000 would be paid in income tax. However, the new budget announcement has seen this threshold drop to £125,140 from April 2023. Income tax, National Insurance and Inheritance tax thresholds will remain at their current levels to April 2028. National Insurance Secondary Threshold - this will be fixed at £9,100 from April 2023 to