Legislative Update for PeopleSoft HCM Global Payroll for the United Kingdom - NI Changes effective 6th April 2024

March 11, 2024 | 1 minute read
Ravikanth Pandikunta
Principal Product Manager
Text Size 100%:

The Chancellor in the Spring Budget session announced that with effect from 6 April 2024, the employee’s national insurance contributions rate would be reduced from 10% to 8% for earnings above the primary threshold and below the upper earnings threshold. This is in addition to the 2% cut announced in the Autumn Statement that was effective from 6 January 2024. However, the employer’s national insurance contributions rate remains unchanged at 13.8%.

Ravikanth Pandikunta

Principal Product Manager


Previous Post

Legislative Update for PeopleSoft HCM Global Payroll for Singapore - Budget 2024 outlines

Ravikanth Pandikunta | 1 min read

Next Post


Legislative Update for PeopleSoft HCM Global Payroll Australia - Effective July 1, 2024

Shankar Narayanan | 1 min read