Abolition of Class 2 NIC Halted

The proposed abolition of Class 2 National Insurance Contributions has been scrapped by the Government. The reasons behind the abolition is that it would hit the lowest earners in society most.

For those wanting to build up an entitlement to contributory benefits such as the state retirement pension would have to pay the higher rate of Class 3 National Insurance Contributions.

The reform was supposed to have taken effect in April, but the implementation had been delayed because of these same concerns.

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