For the self-employed, the chancellor said he is making reforms to the way national insurance is paid to save around 2 million people an average of £350 per year. He said he is abolishing Class 2 national insurance – which he says saves £192 a year – for the self-employed. Meanwhile, Class 4 national insurance will be cut from 9% to 8% on earnings between £12,570 and £50,270.
Chancellor cuts national insurance for self-employed people | Autumn statement 2023
