The Social Security (Contributions) (Re-rating) Order 1993

• Citation: S.I. 1993/280
• Sections: 5

Section 1 Citation, commencement and interpretation

(1) This Order may be cited as the Social Security (Contributions) (Re-rating) Order 1993 and shall come into force on 6th April 1993.

(2) In this Order “ the Act ” means the Social Security Contributions and Benefits Act 1992.

Section 2 Weekly earnings figures for secondary earnings brackets

(1) Section 9 of the Act (calculation of secondary Class 1 contributions) shall be amended in accordance with the provisions of this article.

(2) In subsection (3) (secondary earnings brackets)—

(a) for the figure “£89.99” specified in respect of Bracket 1 there shall be substituted the figure “£94.99”;

(b) for the figures “£90.00” and “£134.99” specified in respect of Bracket 2 there shall be substituted respectively the figures “£95.00” and “£139.99”;

(c) for the figures “£135.00” and “£189.99” specified in respect of Bracket 3 there shall be substituted respectively the figures “£140.00” and “£194.99”;

(d) for the figure “£190.00” specified in respect of Bracket 4 there shall be substituted the figure “£195.00”.

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

In section 11 of the Act (Class 2 contributions)—

(a) in subsection (1) (weekly rate) for the figure “£5.35” there shall be substituted the figure “£5.55”;

(b) in subsection (4) (small earnings exception) for the figure “£3,030” there shall be substituted the figure “£3,140”.

Section 4 Amount of Class 3 contributions

In section 13(1) of the Act (amount of Class 3 contributions) for the figure “£5.25” there shall be substituted the figure “£5.45”.

Section 5 Lower and upper limits for Class 4 contributions

In sections 15(3) and 18(1) of the Act (Class 4 contributions recoverable under the Income Tax Acts and regulations)—

(a) for the figure “£6,120” (lower limit) wherever it appears there shall be substituted in each of those sections the figure “£6,340”;

(b) for the figure “£21,060” (upper limit) there shall be substituted in each of those sections the figure “£21,840”.