Autumn Budget 24: Labour hikes employers' National Insurance by 1.2 percentage points

Pensions industry says the costs are at risk of being passed on to pension savers

Jen Frost
clock • 7 min read
Autumn Budget 24: Labour hikes employers' National Insurance by 1.2 percentage points

Labour has moved forwards with an employers' National Insurance (NI) hike of 1.2 percentage points in the Autumn Budget, with the threshold lowered and changes to employment allowance.

The threshold at which employers pay NI will drop from £9,100 a year to £5,000. "I know that this is a difficult choice. I do not take this decision lightly," Reeves said. "We are asking busines...

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Jen Frost

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