Tax change calculator: see how much you will save

Millions of workers are to pay less tax following the Chancellor's mini budget.

The basic rate of income tax is to be cut by one penny from 20% to 19% and will be introduced in April 2023 - one year earlier than planned.

The Chancellor also announced that the 45% top rate of tax will be abolished.

Mini-budget - latest updates

This is in addition to the reversal of the 1.25% hike in National Insurance.

Use our tool below to see how the changes affect you:

The graph below shows annual savings from the changes to National Insurance contributions and income tax by income.

And below is the annual savings as a % of income.

The mini-budget, called the "growth plan" by the government, comes as the UK faces a cost of living crisis, soaring inflation and climbing interest rates.