The Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 2004

Rate of and small earnings exception from Class 2 contributions

2.  In both section 11 of the Act(1) and section 11 of the Northern Ireland Act(2) (Class 2 contributions)–

(a) in subsection (1) (weekly rate) for “£2.00” substitute “£2.05”; and

(b) in subsection (4) (small earnings exception) for “£4,095” substitute “£4,215”.

(1)

Section 11 was amended by paragraph 12 of Schedule 3 to the Transfer Act. The figure in subsection (1) was last substituted by article 2(a) of S.I. 2000/755 and the figure in subsection (4) was last substituted by article 2 of S.I. 2003/963.

(2)

Section 11 was amended by paragraph 13 of Schedule 3 to the Transfer Order. The figure in subsection (1) was last substituted by article 2(a) of S.I. 2000/755 and the figure in subsection (4) was last substituted by article 2 of S.I. 2003/963.