Summary
An update on the changes announced and how they affect Sage payroll.
Description
The announcement included a reduction of employee National Insurance (NI) from 10% to 8%, to take effect from 6 April 2024.
Reduced Rate NI categories will also be reduced from 3.85% to 1.85%.
There were no other changes affecting Sage Payroll.
NOTE: For more information read the HMRC article Spring Budget 2024 (opens in new tab) >
What you need to do
Whenever there are changes in legislation, we do all the updating for you.
There is nothing you need to do yourself within your program.