This is due to the change in national insurance (ni) rates announced by the chancellor in the autumn statement (november 2023). It was previously reduced from 12% to 10% in january.
The spring budget announcement included a reduction of the main rate of employee national insurance for the 2024/25 tax year. This is due to the change in national insurance (ni) rates announced by the chancellor in the autumn statement (november 2023).
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.
Money rule changes in april:
The Government’s Reduction In Employees’ National Insurance Contributions Took Effect From Saturday (6 January 2024), After The Chancellor Announced A Cut By Two.
This is due to the change in national insurance (ni) rates announced by the chancellor in the autumn statement (november 2023).
Images References :
Employees Being Paid Via Paye Will See A Four Percent Cut In National Insurance Contributions Starting From April 6Th 2024.
It was previously reduced from 12% to 10% in january.
Review How In The Spring 2024 Budget It Was Confirmed There Will Be A Further 2P Reduction To The Main Rate Of Employees’ Ni From 6 April 2024.
Class 4 national insurance cut from 9% to 8% from april 2024.