Ten key takeaways from the 2023 Autumn Statement

National Insurance, ISAs and pensions take centre stage

clock • 3 min read

Professional Adviser summarises ten of the key points from Chancellor Jeremy Hunt’s Autumn Statement, unveiled yesterday (22 November).

National Insurance cuts for both workers on payroll and self-employed National Insurance will be cut by two percentage points, from 12% to 10%, chancellor Jeremy Hunt said. The new measure will be implemented from 6 January 2024 "so people can see the benefits in their payslips from the start of the new year". He added the changes mean someone on an average salary of £35,000 will save more than £450 a year. Additionally, to boost business growth, Hunt said he would be abolishing the Class 2 National Insurance for self-employed people. He said: "After careful consideration, we are...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

To consolidate or not to consolidate: A panel debate

To consolidate or not to consolidate: A panel debate

‘We believe in our ability to be nimble and do the right things for our clients’

Isabel Baxter
clock 17 May 2024 • 3 min read
IFA business owners must nurture culture to boost staff retention

IFA business owners must nurture culture to boost staff retention

Importance of onboarding process should not be underestimated

Jenna Brown
clock 17 May 2024 • 2 min read
IFA business owners must be 'superheroes' and make brave choices

IFA business owners must be 'superheroes' and make brave choices

Improve processes to make firms ‘sustainable, scalable and sellable’

Jenna Brown
clock 16 May 2024 • 2 min read