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Question

National Insurance contributions (NICs) rates: UK from January 2024

  • November 30, 2023
  • 1 reply
  • 62 views
Lawrence
Sidekick (Customer)
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National Insurance contributions (NICs) rates
The government has announced a cut to the main rate of Class 1 employee NICs from 12% to 10% from 6‌‌‌ January‌‌‌‌‌‌ 2024

 

Will there be IFS guidance as per the last mid year change in November 2022?

 

Any reason we shouldn’t just adapt the guidance issued then with new dates and rates?

 

​​​​​​​Asking for a friend :)

Les
Do Gooder (Employee)
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  • Les
  • Do Gooder (Employee)
  • December 8, 2023

Hi Lawrence, please check the link below and let me know if this what you are looking for

https://community.ifs.com/hcm-human-capital-management-payroll-38/national-insurance-contributions-nics-rates-uk-6th-january-2024-43166?postid=147225#post147225

 

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