Draft Regulations laid before Parliament under section 176(1)(za) and (zb) of the Social Security Contributions and Benefits Act 1992 and section 172(11ZA) and (11ZB) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992, for approval by resolution of each House of Parliament.
2014 No. 0000
The Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2014
Made
Coming into force
These Regulations are made by the Treasury in exercise of the powers conferred by sections 5(1) and (4) to (6) and 175(3) of the Social Security Contributions and Benefits Act 1992 (“the Contributions Act”)1 and sections 5(1) and (4) to (6) and 171(3) and (10) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (“the Northern Ireland Contributions Act”)2.
Citation and commencement1
These Regulations may be cited as the Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2014 and come into force on 6th April 2014.
Amendments to the Social Security (Contributions) Regulations 2001
2
The Social Security (Contributions) Regulations 20015 are amended as follows.
3
In regulation 10 (earnings limits and thresholds)—
a
for “2013” substitute “2014”;
b
in paragraph (a) (lower earnings limit: primary Class 1 contributions) for “£109” substitute “£111”;
c
in paragraph (b) (upper earnings limit: primary Class 1 contributions) for “£797” substitute “£805”;
d
in paragraph (c) (primary threshold: primary Class 1 contributions) for “£149” substitute “£153”; and
e
in paragraph (d) (secondary threshold: secondary Class 1 contributions) for “£148” substitute “£153”.
4
In regulation 11 (prescribed equivalents)—
a
in paragraph (2A)—
i
in sub-paragraph (a) for “£3,454” substitute “£3,489”; and
ii
in sub-paragraph (b) for “£41,450” substitute “£41,865”;
b
in paragraph (3)—
i
in sub-paragraph (a) for “£646” substitute “£663”; and
ii
in sub-paragraph (b) for “£7,755” substitute “£7,956”;
c
in paragraph (3A)—
i
in sub-paragraph (a) for “£641” substitute “£663”; and
ii
in sub-paragraph (b) for “£7,696” substitute “£7,956”.
(This note is not part of the Regulations)