National Insurance Contributions

(asked on 19th March 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department plans to remove class 2 national insurance contributions.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 24th March 2020
The Government has no plans to remove Class 2 National Insurance contributions.

The Government does not want to discourage the lowest paid from building their entitlement to the State Pension and having security and choice in retirement. A £3 per week Class 2 payment allows the self-employed with low profits to be able to build entitlement to the new State Pension (worth up to £168.60 per week in 2019-20).

The department will keep this issue under review in the context of the wider tax system and the sustainability of the public finances.

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