National Insurance Reduction

There is a decrease to National Insurance contribution rates for the 2023 to 2024 tax year, effective 6th January 2024. This will reduce the employees National Insurance contributions from 12% to 10% for the remainder of the 2023 to 2024 tax year.

For more information:

• Payroll Support: National Insurance Changes w.e.f January 2024
• GOV.UK Policy paper: Autumn Statement 2023: National Insurance Factsheet