Annual maximum contributions for subsequent tax years
3(1)The Social Security (Contributions) Regulations 2001 (as amended by paragraph 2) are amended as follows.
(2)In regulation 21 (annual maxima for those with more than one employment) in paragraph (2), in Step Two, for “11.5%” substitute “10%”.
(3)In regulation 100 (annual maximum of Class 4 contributions), in paragraph (3)—
(a)in Step Two, for “9 per cent” substitute “8%”, and
(b)in Step Five, for “100/9” substitute “100/8”.
(4)The amendments made by this paragraph come into force on 6 April 2024.