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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

Editor's view: When regulation fails to bite

Editor's view: When regulation fails to bite

The editor's Friday Night Takeaway from 13 December

Jen Frost
clock 13 December 2024 • 2 min read
PA360: Secure your place as adviser conference returns to London

PA360: Secure your place as adviser conference returns to London

Join us for practical insights on adapting to change and hear from Alastair Campbell

Professional Adviser
clock 12 December 2024 • 2 min read
What's in an advice firm's brand? Not a lot, it turns out

What's in an advice firm's brand? Not a lot, it turns out

'Businesses spend days, weeks, months even, agonising over their brand'

Justin Cash
clock 12 December 2024 • 4 min read