4 Amendments to the Social Security (Contributions) Regulations 2001
In Regulation 11 (prescribed equivalents)—
(a) in paragraph (2A)—
(i) in sub-paragraph (a) for “£3,489” substitute “£3,532”; and
(ii) in sub-paragraph (b) for “£41,865” substitute “£42,385”;
(b) in paragraph (3)—
(i) in sub-paragraph (a) for “£663” substitute “£672”; and
(ii) in sub-paragraph (b) for “£7,956” substitute “£8,060”;
(c) in paragraph (3A)—
(i) in sub-paragraph (a) for “£663” substitute “£676”; and
(ii) in sub-paragraph (b) for “£7,956” substitute “£8,112”;
(d) after paragraph (3A) insert—

“3B Subject to paragraphs (4) and (5), the prescribed equivalents of the upper secondary threshold for secondary Class 1 contributions in relation to the Under 21 age group shall be—
(a) where the earnings period is a month, £3,532;
(b) where the earnings period is a year, £42,385;
(c) where the earnings period is a multiple of a week, the amount calculated by dividing the figure in sub-paragraph (b) by 52 and multiplying the result by the corresponding multiple;
(d) where the earnings period is a multiple of a month, the amount calculated by dividing the figure in sub-paragraph (b) by 12 and multiplying the result by the corresponding multiple;
(e) in any other case, the amount calculated by dividing the figure in sub-paragraph (b) by 365 and multiplying the result by the number of days in the earnings period concerned.”

;
(e) in paragraph (4) for “and paragraph (3A)(c) and (d)” substitute “, paragraph (3A)(c) and (d) and paragraph (3B)(c) and (d)”; and
(f) in paragraph (5) for “and paragraph (3A)(e)” substitute “, paragraph (3A)(e) and paragraph (3B)(e)”.