The Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 2004
National insurance
Benefits
Social fund payments
King's Printer of Acts of Parliament
2016-03-11
SOCIAL SECURITY
This Order increases the rates of Class 2 and Class 3 contributions specified in sections 11(1) and 13(1) of the Social Security Contributions and Benefits Act 1992 (c. 4: “the Act”) from £2.00 to £2.05 and from £6.95 to £7.15 respectively. It also increases from £4,095 to £4,215 the amount of earnings specified in section 11(4) of the Act, below which an earner may be excepted from liability for Class 2 contributions (Articles 2 and 3).
The Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 2004
Amount of Class 3 contributions3
In both section 13(1) of the Act14 and section 13(1) of the Northern Ireland Act15 (amount of Class 3 contributions) for “£6.95” substitute “£7.15”.