As of April 6th, 2024, there has been a significant drop in National Insurance (NI) contributions for employees, marking a positive change to take-home pay. The rate has been reduced from 10% to 8%, meaning more money in employees pockets every month.

So, what does this mean for you?  For people earning around £35000 a year this a nett pay gaon of circa £900 – that’s good news!

**Note:** The calculations provided in this blog piece are based on the announced reduction in UK employees' National Insurance contributions from 10% to 8%, effective April 6th, 2024. Individual circumstances may vary, and it's advisable to consult with a financial advisor for personalized guidance. See  www.gov.uk   for further information