What is National Insurance and how much do I pay?- QHN

The Conservatives have promised a further 2p NI cut for employees by April 2027 if re-elected.

The starting rate for National Insurance for 27 million workers fell from 12% to 10% on 6 January 2024, and again to 8% on 6 April.

For the self-employed, Class 4 NI contributions on all earnings between £12,570 and £50,270 have fallen from 9% to 6%, which the government said was worth £350 to a self-employed person earning £28,200.

The Conservatives have promised a further 2p NI cut for employees by April 2027 if re-elected.

The starting rate for National Insurance for 27 million workers fell from 12% to 10% on 6 January 2024, and again to 8% on 6 April.

For the self-employed, Class 4 NI contributions on all earnings between £12,570 and £50,270 have fallen from 9% to 6%, which the government said was worth £350 to a self-employed person earning £28,200.

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