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NIC Changes for Self Employed
To narrow the perceived imbalance in NIC charges for the employed and self-employed, Philip Hammond announced increases in the self-employed Class 4 NIC contributions.
The increases are:
- From April 2018, an increase from 9% to 10%
- From April 2019, a further increase from 10% to 11%.
The earlier increase is timed to coincide with the cessation of Class 2 contributions.