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Changes over time for: Section 143


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 17/01/2025.
Changes to legislation:
Social Security Administration Act 1992, Section 143 is up to date with all changes known to be in force on or before 08 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
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143Power to alter contributions with a view to adjusting level of National Insurance FundU.K.
(1)Without prejudice to section 141 above, the [Treasury] may at any time, if [they think] it expedient to do so with a view to adjusting the level at which the National Insurance Fund stands for the time being and having regard to the sums which may be expected to be paid from the Fund in any future period, make an order amending Part I of the Contributions and Benefits Act by altering any one or more of the following figures—
[(a)the percentage rate specified as the [main primary percentage in section 8(2)(a)];
(b)the percentage rate specified as the secondary percentage in section 9(2),]
(c)the figure specified in [section [11(6)]] as the weekly rate of Class 2 contributions;
(d)the figure specified in section 13(1) as the amount of a Class 3 contribution;
(e)the percentage rate [specified as the main Class 4 percentage in section 15(3ZA)(a)].
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)An order under subsection (1) above may if it contains an amendment altering the figure specified in [section [11(6)]] of the Contributions and Benefits Act as the weekly rate of Class 2 contributions and the [Treasury think] it expedient in consequence of that amendment, amend section 11(4) of that Act by altering the figure there specified as the [[small profits threshold] for the purposes of Class 2 contributions].
(4)No order shall be made under this section so as—
[(a)to increase for any tax year the [main] primary percentage, or the secondary percentage, to a percentage rate more than 0.25 per cent higher than that applicable at the end of the preceding tax year,] or
(b)to increase the [main Class 4 percentage] to more than [9.25] percent.
Textual Amendments
Modifications etc. (not altering text)
Yn ôl i’r brig