Most employees will pay less in national insurance from 6 april 2024. The main rate of class 1 employee nics will be.
These changes are effective from 6th january. The starting rate for national insurance for 27 million workers fell from 12% to 10% on 6 january 2024, and again to 8% on 6 april.
This Is Due To The Change In National Insurance (Ni) Rates Announced By The Chancellor In The Autumn Statement (November 2023).
This will see class 1 nics reduced by 2%, from 12% to 10%, in a.
It Was Previously Reduced From 12% To 10% In January.
The chancellor has just announced two big cuts to national insurance for both the self employed and employees.
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The Starting Rate For National Insurance For 27 Million Workers Fell From.
From 6 january 2024, employee class 1 national insurance contributions (nics) on earnings between £12,570 and £50,270 were reduced by 2% to 10%.
In November 2023, Chancellor Jeremy Hunt Gave The Autumn Statement, The Government’s Plans For The Uk Economy.
National insurance contributions (nics) will be cut from 10% to 8% on earnings of between.