A £900 boost to workers’ payslips across the UK is taking effect from Tuesday, April 30.

Prime Minister Rishi Sunak announced that the HMRC change announced in the Government’s Spring Budget will officially take effect from Tuesday, meaning that workers on the average HMRC tax code will start receiving a second boost this year, making an average of £900 back into your payslip.

Today, Rishi Sunak said via social media site X: “Pay day is coming. Our second National Insurance cut hits payslips tomorrow. It’s worth £900 to someone earning the UK average salary.”

But the exact amount you’ll get back depends on your tax situation and those with certain tax codes on their payslip will definitely get up to the full amount possible, depending on your income.

If you are earning the UK average salary, your tax code will be 1257L. If you have this code on your payslip, you will definitely get the extra money back in your payslip – at least £200 and up to £750, or an average of £450.

Taken with the previous cut in February, it takes the average extra money handed out in the National Insurance changes to £900.

National Insurance contributions are being reduced from 10 percent to 8 percent following a cut from 12 percent to 10 percent in January.

National Insurance is only applied to earnings between the personal allowance of £12,570 and £50,270, so if you earn more than that, you’ll still get the full benefit of the cut but you won’t get any more than someone earning £50,270.

If you have the code NT on your payslip, you won’t get the £900 this year because you haven’t met the £12,570 threshold yet and you aren’t paying tax on your income to get tax back.

The UK Government guidance explains: “As a result of this measure, an average employee on £35,400 will receive a tax cut of over £450 per year from April 2024. An average self-employed person on £28,000 will see a tax cut of £310 a year and over 2 million individuals will benefit. Actual impacts for individual taxpayers will vary according to individual circumstances.”