The Social Security (Contributions) (Re-rating) Order 2008

• Citation: S.I. 2008/579
• Sections: 4

Section 1 Citation, commencement and interpretation

(1) This Order may be cited as the Social Security (Contributions) (Re-rating) Order 2008 and shall come into force on 6th April 2008.

(2) In this Order—

“ the Act ” means the Social Security Contributions and Benefits Act 1992; and

“the Northern Ireland Act ” means the Social Security Contributions and Benefits (Northern Ireland) Act 1992 .

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

In both section 11 of the Act and section 11 of the Northern Ireland Act (Class 2 contributions)—

(a) in subsection (1) for “£2.20” substitute “£2.30”; and

(b) in subsection (4) (small earnings exception) for “£4,635” substitute “£4,825”.

Section 3 Amount of Class 3 contributions

In both section 13(1) of the Act and section 13(1) of the Northern Ireland Act (amount of Class 3 contributions) for “£7.80” substitute “£8.10”.

Section 4 Lower and upper limits for Class 4 contributions

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

(a) for “£5,225” (lower limit) in each place where it appears, substitute “£5,435”; and

(b) for “£34,840” (upper limit) in each place where it appears, substitute “£40,040”.