Class 2 contributions
4(1)In the Social Security Contributions and Benefits Act 1992, omit section 11A (application of certain provisions of the Income Tax Acts in relation to Class 2 contributions under section 11(2)).
(2)In the Social Security Contributions and Benefits (Northern Ireland) Act 1992, omit section 11A (application of certain provisions of the Income Tax Acts in relation to Class 2 contributions under section 11(2)).
(3)The Social Security Administration Act 1992 is amended as follows.
(4)In section 141 (annual review of contributions), in subsection (4)—
(a)in paragraph (a), for “11(2) and (6)” substitute “11(6)”, and
(b)in paragraph (b)—
(i)for “figures” substitute “figure”, and
(ii)omit “the lower profits threshold and as”.
(5)In section 143 (power to alter contributions with a view to adjusting level of National Insurance Fund)—
(a)in subsection (1)(c) for “11(2) and (6)” substitute “11(6)”, and
(b)in subsection (3)—
(i)for “11(2) and (6)” substitute “11(6)”, and
(ii)for “lower profits threshold” substitute “small profits threshold”.
(6)In section 145 (power to alter primary and secondary contributions), in subsection (4)(a), for “11(2) and (6)” substitute “11(6)”.
(7)The amendments made by this paragraph come into force on 6 April 2024.