Autumn Statement 23: Class 2 NI abolished for self-employed

Jeremy Hunt lays out plans in Autumn Statement as chancellor

Sahar Nazir
clock • 1 min read

Chancellor Jeremy Hunt has revealed in his 2023 Autumn Statement today (22 November) that the government is "abolishing the Class 2 National Insurance for self-employed people".

Hunt said: "After careful consideration, we are abolishing Class 2 National Insurance, saving the average self-employed person £192 a year." This measure "simplifies" and cuts tax for nearly two million self-employed people in the UK. Meanwhile, veterans will receive "greater National Insurance relief". "I will extend national insurance relief for employers of eligible veterans for a further year and provide £10 million to support the Veterans' Places, Pathways and People programme," Hunt told the House of Commons. Read more: Autumn Statement 23: A close look at what advisers mu...

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