Nic Rates 2024/24 Uk. 08 sep 2021 update history (2) back to top. The government will reduce the main rate of class 1 employee national insurance contributions (nic) starting from january 6, 2024.
Details for england and northern ireland. The government will reduce the main rate of class 1 employee national insurance contributions (nic) starting from january 6, 2024.
The Government Will Reduce The Main Rate Of Class 1 Employee National Insurance Contributions (Nic) Starting From January 6, 2024.
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What Rates Will Apply To Next Year?
Rates in table apply above the stated thresholds.
Up To 5 January 2024, Employees Paid Class 1 Nic At The Rate Of 12% On Earnings Between £12,570 And £50,270.
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A Reminder That The Main Rate Of Class 1 Employee National Insurance Contributions (Nic) Will Be Reduced From 6 January 2024.
What rates will apply to next year?
08 Sep 2021 Update History (2) Back To Top.
The government is cutting the main rate of employee national insurance by 2p from 10% to 8% from 6 april 2024.
