MoneySavingExpert News
National Insurance
You've less than six months to check and pay for missing national insurance (NI) contributions going back to 2006, which could add £1,000s to your state pension. An online tool launched earlier this year to make the process quicker and easier for some – but HM Revenue and Customs (HMRC) has now confirmed many won't get access to it before the 5 April 2025 deadline, so it's crucial to act in good time.
15 October 2024
A new online service designed to simplify how you check and pay for voluntary national insurance (NI) contributions is now available. It should make the state pension boosting process quicker and easier for most people. But you WON'T be able to use this initial launch version of the tool if you're already getting your state pension or you're looking to fill gaps from when you were self-employed or working abroad.
29 April 2024
Workers will pay less in national insurance from 6 April, the Chancellor Jeremy Hunt has announced in today's Spring Budget. Around 29 million workers are set to benefit from the change, which will see contributions cut from 10% to 8% for employed workers and from 9% to 6% for self-employed workers.
6 March 2024
Both employees and self-employed workers will pay less in national insurance from next year, Chancellor Jeremy Hunt has announced in today's Autumn Statement. Around 29 million workers are expected to benefit, though for many the rate cuts don't offset freezes to personal tax thresholds, which determine when you start paying each tax. Below is everything you need to know.
22 November 2023
Chancellor Rishi Sunak has announced sweeping changes to national insurance contributions (NICs) that will see a typical employee saving over £330 a year from 6 July 2022. The change comes as part of today's Spring Statement, with other key announcements, which we will round up below, including the basic rate of tax being cut by 1 percentage point from April 2024 and fuel duty rates being cut by 5p/litre.
23 March 2022
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