ScheduleTransitional and consequential provision
3Annual maximum contributions for subsequent tax years
1
The Social Security (Contributions) Regulations 2001 (as amended by paragraph 2) are amended as follows.
2
In regulation 21 (annual maxima for those with more than one employment) in paragraph (2), in Step Two, for “11.5%” substitute “10%”
.
3
In regulation 100 (annual maximum of Class 4 contributions), in paragraph (3)—
a
in Step Two, for “9 per cent” substitute “8%”
, and
b
in Step Five, for “100/9” substitute “100/8”
.
4
The amendments made by this paragraph come into force on 6 April 2024.