Last reviewed: February 2024

As of the 6th January 2024 the main rate of Class 1 National Insurance Contributions (NIC) deducted from employee wages was reduced from 12% to 10%. From 6 April 2024, the main rate of self-employed class 4 NIC will reduce from 9% to 8% and class 2 NIC will no longer be due. Those with profits below £6,725 a year can continue to pay class 2 NIC to keep their entitlement to certain state benefits.