National Insurance Contributions (Increase of Thresholds) Act 2022 (c. 16)

2 Increase in lower limit of profits for Class 4 contributions U.K.

(1) In sections 15(3)(a) and 18(1)(c) and (1A)(a) of—

(a) the Social Security Contributions and Benefits Act 1992, and

(b) the Social Security Contributions and Benefits (Northern Ireland) Act 1992,

for “£9,880” (the lower limit of profits) substitute “£11,908”.

(2) The amendments made by subsection (1) are treated as having come into force on 6 April 2022.

(3) In those sections, for “£11,908” (as substituted by subsection (1)) substitute “£12,570”.

(4) The amendments made by subsection (3) come into force on 6 April 2023.

Commencement Information

I1 S. 2 in force at Royal Assent