Advent Day 5 – Class 2 NI abolished from 6 April 2024

Day 5 – Class 2 NI abolished from 6 April 2024

Important update for all the self-employed individuals and small business owners out there:

The UK government has announced the abolishment of Class 2 National Insurance (NI) from 6th April 2024.

This means you will no longer need to pay Class 2 NI contributions. This will result in a £3.45 per week saving for someone self employed, worth £179.40 for the year.

Stay tuned for more updates and details on how this will affect your tax contributions and overall financial planning.

We are here to help you navigate these changes and ensure you are prepared for the future.

Feel free to get in touch with us if you have any questions or concerns.