Here is a summary of the main announcements from the Chancellor Jeremy Hunts budget yesterday:
Employee National Insurance cut by 2%
The main rate of Class 1 employee NICs will be cut from 10% to 8% for workers earning over £12,570, from 6 April 2024.
If you're self-employed, then you'll benefit from a fall in Class 4 contributions from 8% to 6% on profits over £12,570.
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Steve Pearce MICB PM.Dip
FreeAgent Bronze Partner
07 Mar 2024
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