3Equivalent provision for Class 2 contributions
(1)The Treasury must by regulations make provision for the purpose of securing that, for the purposes of—
(a)the Social Security Contributions and Benefits Act 1992, and
(b)the Social Security Contributions and Benefits (Northern Ireland) Act 1992,
the threshold for paying Class 2 contributions for a tax year is equivalent to the threshold at which Class 4 contributions become payable for that year.
(2)Regulations under this section may—
(a)also make provision having the effect that, in such circumstances as may be provided for, a person whose profits for a tax year are less than that threshold is treated as making Class 2 contributions;
(b)make provision having retrospective effect from no earlier than 6 April 2022;
(c)amend an Act of Parliament.