NICs changes to start from January 6

NICs changes to start from January 6

NICs changes to start from January 6 Just a quick reminder that the reduction of Class 1 National Insurance Contributions (NICs) will begin on January 6, 2024. From this date, the amount paid on Class 1 NICs will fall from 12% to 10%. This is the main rate of NICs...
Autumn Statement NICs changes in detail

Autumn Statement NICs changes in detail

Autumn Statement NICs changes in detail The biggest tax cuts announced by the Chancellor in his Autumn Statement were in NICs, where self-employed people will no longer pay Class 2 NICs at all from April 6, 2024. Class 4 NICs will be reduced from 9% to 8% from the...
Tax advice error could impact your State Pension

Tax advice error could impact your State Pension

Tax advice error could impact your State Pension Group income protection policies taken out through employer salary sacrifice schemes have been wrongly treated for tax thanks to incorrect advice given by HMRC to the Association of British Insurers back in October...