From january 2024, the main rate of class 1 ni paid by employees will drop from 12% to 10%. This measure confirms the main rate of primary class 1 national insurance contributions will be cut by 2 percentage points from 10% to 8% from 6 april 2024.
Below, we outline national insurance rates and thresholds for last year as well as the new april 2024 rates. Most employees will pay less in national insurance from 6 april 2024.
The National Insurance Class 1A Rate On Expenses And Benefits For 2024 To 2025 Is 13.8%.
This rate was reduced from.
This Measure Confirms The Main Rate Of Primary Class 1 National Insurance Contributions Will Be Cut By 2 Percentage Points From 10% To 8% From 6 April 2024.
When you pay different rates.
Images References :
If The Gap In Your National Insurance Record Was Between 6 April 2016 And 5 April 2023, You’ll Pay The Rates That Applied In The 2022 To 2023 Tax.
From 6 january 2024 all employed individuals liable to pay national insurance contributions, with earnings over the class 1 primary threshold of £12,570.
Category Letter £123 To £175 (£533 To £758 A Month)
T o find out how your bill is calculated, see our guide to national insurance rates and thresholds.