SCHEDULES

SCHEDULE 7Minor and consequential amendments

Social Security Administration Act 1992 (c. 5)

I190

1

In subsection (1) of section 143 of that Act (power to alter contributions with a view to adjusting level of National Insurance Fund), for paragraphs (a) and (b) there shall be substituted the following paragraphs—

a

the percentage rate specified as the primary percentage in section 8(2);

b

the percentage rate specified as the secondary percentage in section 9(2);

2

In subsection (4) of that section, for paragraph (a) there shall be substituted the following paragraph—

a

to increase for any tax year the 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;