The Chancellor's Spring Budget 2024 announced a 2% cut in the main rates of National Insurance for both employees and the self-employed from 6 April 2024.

Workers commuters

National Insurance Contributions (NICs)

From 6 April 2024:

See National Insurance: Rates

Abolition of Class 2 NICs

  • The government will launch a consultation later this year to fully abolish compulsory Class 2 NICs.

Topical guides on this topic

Spring Budget 2024: At a glance

Back to Spring Budget 2024