David Morris – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by David Morris on 2016-04-15.

To ask Mr Chancellor of the Exchequer, whether he has made an assessment as to how much the abolition of class 2 national insurance contributions will save on average for each self-employed person; and if he will make a statement.

Mr David Gauke

The abolition of Class 2 NICs means that 3.4 million self-employed individuals will gain by an average of £134 in 2018-19 when Class 2 National Insurance contributions are abolished. This will allow millions of self-employed individuals to keep more of their money and invest it back into growing their business, as well as ending an outdated and complex feature of the NICs system.