The Social Security (Contributions) (Re-rating) Order 2011

• Citation: S.I. 2011/938
• Sections: 4

Section 1 Citation, commencement and interpretation

(1) This Order may be cited as the Social Security (Contributions) (Re-rating) Order 2011 and shall come into force on 6th April 2011.

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

(a) in subsection (1) for “£2.40” substitute “£2.50”; and

(b) in subsection (4) (small earnings exception) for “£5,075” substitute “£5,315”.

Section 3 Amount of class 3 contributions

In section 13(1) of the Act and the Northern Ireland Act (amount of Class 3 contributions) for “£12.05” substitute “£12.60”.

Section 4 Lower and upper limits for Class 4 contributions

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

(a) for “£5,715” (lower limit) in each place where it appears, substitute “£7,225”; and

(b) for “£43,875” (upper limit) in each place where it appears, substitute “£42,475”.