2007 No. 2401

social security

The Social Security (Contributions) (Amendment No. 7) Regulations 2007

Made

Laid before Parliament

Coming into force

The Treasury make the following Regulations in exercise of the powers conferred by section 3(2) of the Social Security Contributions and Benefits Act 19921 and section 3(2) of the Social Security Contributions and Benefits (Northern Ireland) Act 19922.

The Secretary of State and the Department for Social Development concur in the making of these Regulations.

Citation, commencement and effect1

These Regulations—

a

may be cited as the Social Security (Contributions) (Amendment No. 7) Regulations 2007 and shall come into force on 5th September 2007; and

b

shall have effect in relation to payments of earnings made on or after 5th September 2007 in respect of the academic year beginning on 1st September 2007 and subsequent academic years.

Amendment of the Social Security (Contributions) Regulations 20012

In Part 7 of Schedule 3 to the Social Security (Contributions) Regulations 20013, (payments in respect of training and similar courses disregarded in the computation of employed earner’s earnings), for “£15,000” in paragraph 12(6) substitute “£15,480”.

Claire WardDave WattsTwo of the Lords Commissioners of Her Majesty’s Treasury

The Secretary of State concurs.

Signed by authority of the Secretary of State for Work and Pensions

James PlaskittParliamentary Under-Secretary of StateDepartment for Work and Pensions

The Department for Social Development concurs.

The Official Seal of the Department is affixed on 10th August 2007

seal_r00001John O’NeillA Senior Officer of the Department for Social Development
EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations amend the Social Security (Contributions) Regulations 2001.

Regulation 1 provides for the citation, commencement and effect of these Regulations.

Regulation 2 increases the financial limit above which earnings paid to employees in connection with their undertaking full-time education do not qualify to be disregarded in calculating earnings for the purpose of earnings-related contributions.

A full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.