Lower and upper limits for Class 4 contributions

5.  In each of sections 15(3) and 18(1) of the Act(1) and sections 15(3) and 18(1) of the Northern Ireland Act(2) (Class 4 contributions recoverable under the Income Tax Acts and under regulations)—

(a) for “£4,535” (lower limit) in each place where it appears, substitute “£4,615”; and

(b) for “£29,900” (upper limit) substitute “£30,420”.

(1)

Section 15(3) was amended by Article 5 of S.I. 2001/477. Section 18(1) was amended by paragraph 18(2) of Schedule 3 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999 and by Article 5 of S.I. 2001/477.

(2)

Section 15(3) was amended by Article 5 of S.I. 2001/477. Section 18(1) was amended by paragraph 18(2) of Schedule 3 to S.I. 1999/671 and by Article 5 of S.I. 2001/477.