Annual maximum contributionsU.K.
6(1)Regulation 21 of the Social Security (Contributions) Regulations 2001 (annual maxima for those with more than one employment) has effect, for the tax year 2022-23, as if—
(a)in paragraph (2)—
(i)in Step Two, for “12” there were substituted “12.73”,
(ii)in Step Five, for “2” there were substituted “2.73”, and
(iii)in Step Seven, for “2” there were substituted “2.73”, and
(b)in paragraph (3), for “12” there were substituted “12.73”.
(2)Regulation 100 of those Regulations (annual maximum of Class 4 contributions) has effect, for the tax year 2022-23, as if—
(a)in paragraph (3)—
(i)in Step Two, for “9” there were substituted “9.73”,
(ii)in Step Five, for “100/9” there were substituted “100/9.73”,
(iii)in Step Eight, for “2” there were substituted “2.73”, and
(iv)in Step Nine, for “2” there were substituted “2.73”, and
(b)in paragraph (4), for “12” there were substituted “12.73”.
(3)The Social Security (Contributions) (Amendment) Regulations 2022 (S.I.2022/300) are revoked and are to be treated as never having come into force.
Commencement Information
I1Sch. para. 6 in force at Royal Assent