The Social Security (Contributions, Re-rating) Order 1988

• Citation: S.I. 1988/675
• Sections: 5

Section 1 Citation, commencement and interpretation

(1) This Order may be cited as the Social Security (Contributions, Re-rating) Order 1988 and shall come into force on 6th April 1988.

(2) In this Order “ the Act ” means the Social Security Act 1975.

Section 2 Weekly earnings figures for primary and secondary earnings brackets

(1) Section 4 of the Act (incidence of Class 1 contributions) shall be amended in accordance with the provisions of this article.

(2) In subsection (6B) (primary earnings brackets)—

(a) for the figure £64.99 specified in respect of Bracket 1 there shall be substituted the figure £69.99;

(b) for the figures £65.00 and £99.99 specified in respect of Bracket 2 there shall be substituted respectively the figures £70.00 and £104.99;

(c) for the figure £100.00 specified in respect of Bracket 3 there shall be substituted the figure £105.00.

(3) In subsection (6E) (secondary earnings brackets)—

(a) for the figure £64.99 specified in respect of Bracket 1 there shall be substituted the figure £69.99;

(b) for the figures £65.00 and £99.99 specified in respect of Bracket 2 there shall be substituted respectively the figures £70.00 and £104.99;

(c) for the figures £100.00 and £149.99 specified in respect of Bracket 3 there shall be substituted respectively the figures £105.00 and £154.99;

(d) for the figure £150.00 specified in respect of Bracket 4 there shall be substituted the figure £155.00.

Section 3 Rate of, and small earnings exception from, Class 2 contributions

In section 7 of the Act (Class 2 contributions)—

(a) in subsection (1) (weekly rate) for “£3.85” there shall be substituted “£4.05”;

(b) in subsection (5) (small earnings exception) for “£2,125” there shall be substituted “£2,250”.

Section 4 Amount of Class 3 contributions

In section 8(1) of the Act (amount of Class 3 contributions) for “£3.75” there shall be substituted “£3.95”.

Section 5 Lower and upper limits for Class 4 contributions

In sections 9(2) and 10(1) of the Act (Class 4 contributions recoverable under Tax Acts and regulations)—

(a) for “£4,590” (lower limit) wherever that amount appears there shall be substituted in each of those sections “£4,750”;

(b) for “£15,340” (upper limit) there shall be substituted in each of those sections “£15,860”.