NI rates and the Spring Budget 2024 changes

The Spring Budget 2024 applied a 2% reduction to the main rate of employee NI, from 6 April. 

Continue to the software update section for your next steps.

Software update

If you haven't updated your software yet, visit our download and install Sage 50 Payroll guide to install v30.02.

When you're using v30.02 or v30.01, you don't need to take any further action for your NI rates, and can process your payroll as normal.

Check NI rates

To check the NI rates in your software, follow the steps below,

1. Log in as normal to the company to check.
2. Click Payroll, then Change Process Date.
3. Enter a date within the 2024/25 tax year, for example 06/04/2024, then click OK.
4. Click Company, then Legislation.
5. Click the NI tab.
6. A table beneath the Rates heading shows the NI rates in your software for NI Category A.
7. Check the rates as required.
8. Click the dropdown beside National Insurance Category and double-click any other category to check.
    TIP: You can view the rates in our Class 1 National Insurance rates for 2024/2025 tax year guide.