Rate of and lower profits threshold for Class 2 contributionsU.K.
This section has no associated Explanatory Memorandum
3. In section 11 of the Act(1) and the Northern Ireland Act(2) (Class 2 contributions)—
(a)in subsections (2) and (6) for “£3.15” substitute “£3.45”; and
(b)in subsection (4)(a) (lower profits threshold) for “£11,908” substitute “£12,570”.
(1)
Section 11 was substituted by paragraph 3 of Schedule 1 to the NICA 2015. The figure in subsections (2) and (6) was last substituted by S.I. 2022/232. Section 11(4) was substituted by regulation 2(3) of S.I. 2022/1329.
(2)
Section 11 was substituted by paragraph 12 of Schedule 1 to the NICA 2015. The figure in subsections (2) and (6) was last substituted by S.I. 2022/232. Section 11(4) was substituted by regulation 3(3) of S.I. 2022/1329.