Policy paper

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.

• From: HM Revenue & Customs
• Published: 23 November 2023

Documents

A reduction in the main rates of Primary Class 1 and Class 4 National Insurance contributions and the removal of the requirement to pay Class 2 National Insurance contributions

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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.

Published 23 November 2023