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Budget Summary - 6th March 2024

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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