A further cut in employee NI
4th April 2024
A further cut in employee National Insurance (NI).
Following rapidly on the heels of the 2% cut in employee National Insurance Contributions, the chancellor announced a second 2% cut to come into effect at the start of the new tax year. This means that a monthly paid employee earning £30,000 per year will see an increase in their take home pay of £58.08 in April 2024 compared to December 2023.
Once again however, there is no benefit gained by the employer.
Get In Touch
Contact your local Whitings office for more information or advice on Payroll.
