Payroll | CIS | Auto Enrolment

Changes to National Insurance – January 2024

January 3, 2024

In November 2023, the government announced changes to employee National Insurance calculation in their Autumn Statement. 

From January 2024 onwards, employee National Insurance will fall from 12% to 10% for all monthly earnings between £1048 and £4189. This will result in an increase in net pay for all employees who pay National Insurance. 

Employee National Insurance will remain at 2% for any earnings above £4189 per month.

There are no changes to employer National Insurance.