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UK HM Treasury Announces National Insurance Contribution Cuts

11 April 2024

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Approved Changes

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United Kingdom

UK HM Treasury has issued a release announcing National Insurance contribution (NIC) cuts with effect from 6 April 2024, including a cut in the main rate of Class 4 NICs from 9% to 6% along with the abolition of the requirement to pay Class 2 NICs. --- Government rewards workers with record tax cut for 29 million 29 million workers receive largest ever cut to National Insurance Government is sticking to its economic plan and rewarding hard work in this month's pay packet, with over £900 a year boost for typical worker Signals government's long-term ambition to end unfair double...