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...

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