Changes to National Insurance contributions from 6 January 2024
This tax information and impact note covers a reduction in the main rate of Primary Class 1 National Insurance contributions from 6 January 2024, the main rate of Class 4 National Insurance contributions from 6 April 2024 and the removal of the requirement to pay Class 2 National Insurance contributions.
Documents
Details
This measure confirms the main rate of primary Class 1 National Insurance contributions will be cut by 2 percentage points from 12% to 10% from 6 January 2024.
The main rate of Class 4 National Insurance contributions will be cut by 1 percentage point from 9% to 8% and will remove the liability to pay Class 2 National Insurance contributions from 6 April 2024.