- Latest available (Revised)
- Point in Time (07/02/1994)
- Original (As enacted)
Version Superseded: 22/08/1996
Point in time view as at 07/02/1994.
There are currently no known outstanding effects for the Social Security Act 1993.
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Textual Amendments
F1S. 1 repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2
(1)During the tax year 1993-94 there shall be paid into the National Insurance Fund out of money provided by Parliament such amounts as the Secretary of State may from time to time determine, not exceeding in aggregate 20 per cent. of estimated benefit expenditure for the financial year ending with 31st March 1994.
(2)If, before the beginning of the tax year 1994-95 or any subsequent tax year, the Secretary of State with the consent of the Treasury by order provides that this subsection is to have effect with respect to that tax year, there shall during that tax year be paid into the National Insurance Fund out of money provided by Parliament such amounts as the Secretary of State may from time to time determine, not exceeding in aggregate the prescribed percentage of estimated benefit expenditure for the financial year ending with 31st March in that tax year.
(3)In subsection (2) above “the prescribed percentage” means such percentage, not exceeding 17 per cent., as may be specified in the order under that subsection.
(4)In this section “estimated benefit expenditure”, in relation to a financial year, means the amount estimated by the Government Actuary or the Deputy Government Actuary, before the beginning of that financial year, to be that of the aggregate of the amounts that may be expected to be paid out of the National Insurance Fund in that financial year—
(a)under paragraphs (a), (b), (c) and (d) of section 163(1) of the M1Social Security Administration Act 1992, and
(b)under sections 106(2) [F2and 122(1)] of the M2Employment Protection (Consolidation) Act 1978 [F3and
(c)under section 124(1) of the Pension Schemes Act 1993]
(5)The Secretary of State may exercise his power to make a determination under subsection (1) above or an order or determination under subsection (2) above only if he thinks 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 estimated benefit expenditure for the financial year ending with 31st March in the tax year to which the determination or order is to relate.
(6)The Secretary of State shall consult the Treasury before making any determination under subsection (1) or (2) above.
(7)Amounts payable under this section shall be paid at such times and in such manner as the Treasury may direct.
(8)An order under subsection (2) above shall be made by statutory instrument; and a statutory instrument containing such an order shall not be made unless a draft of the instrument has been laid before Parliament and approved by a resolution of each House of Parliament.
(9)In section 1 of the M3Social Security Contributions and Benefits Act 1992 (outline of contributory system) at the end of subsection (1) there shall be added “ and amounts payable under section 2 of the Social Security Act 1993 ”.
Textual Amendments
F2Words in s. 2(4)(b) substituted (7.2.1994) by 1993 c. 48, s. 190, Sch. 8 para. 45(a) (with s. 6(8)); S.I. 1994/86, art. 2
F3Words in s. 2(4)(b)(c) inserted (7.2.1994) by 1993 c. 48, s. 190, Sch. 8 para. 45(b) (with s. 6(8)); S.I. 1994/86, art. 2
Modifications etc. (not altering text)
C1S. 2(2) applied (6.4.1994 with effect with respect to the tax year 1994-95) by S.I. 1994/544, art. 6
S. 2(2) applied (6.4.1995 with effect with respect to the tax year 1995-96) by S.I. 1995/561, art. 6
S. 2(2) applied (6.4.1996 with effect with respect to the tax year 1996-97) by S.I. 1996/597, art. 6
Marginal Citations
An Order in Council under paragraph 1(1)(b) of Schedule 1 to the M4Northern Ireland Act 1974 (legislation for Northern Ireland in the interim period) which states that it is made only for purposes corresponding to those of this Act—
(a)shall not be subject to paragraph 1(4) and (5) of that Schedule (affirmative resolution of both Houses of Parliament); but
(b)shall be subject to annulment in pursuance of a resolution of either House of Parliament.
Marginal Citations
(1)In this Act “tax year” means the 12 months beginning with 6th April in any year; and “the tax year 1993-94” and “the tax year 1994-95” mean respectively the tax year beginning with 6th April 1993 and the tax year beginning with 6th April 1994.
(2)The enactments specified in the Schedule to this Act are hereby repealed to the extent specified in the third column of that Schedule.
Commencement Information
I1S.4 in force as provided by S.5(2)(3).
(1)This Act may be cited as the Social Security Act 1993.
(2)The following provisions of this Act shall not have effect with respect to any tax year before the tax year 1993-94—
F4. . .
section 4(2) and the Schedule.
F5(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)Section 3 of this Act and this section extend to Northern Ireland, but otherwise this Act does not extend there.
Textual Amendments
F4Words in s. 5(2) repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2
F5S. 5(3) repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2
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