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) for “£2.30” substitute “£2.40”; and

(b) in subsection (4) (small earnings exception) for “£4,825” substitute “£5,075”.

(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. 2008/579. The figure in subsection (4) was last substituted by article 2(b) of S.I. 2008/579.

(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. 2008/579. The figure in subsection (4) was last substituted by article 2(b) of S.I. 2008/579.