The Social Security (Contributions) (Amendment) Regulations 2012

• Citation: S.I. 2012/573
• Sections: 2

Section 1 Citation, commencement and effect

(1) These Regulations may be cited as the Social Security (Contributions) (Amendment) Regulations 2012 and come into force on 26th March 2012.

(2) The amendments made by regulation 2 shall have effect in relation to contributions paid in respect of the tax year 2011-12 and subsequent tax years.

Section 2 Amendment of the Social Security (Contributions) Regulations 2001

(1) The Social Security (Contributions) Regulations 2001 are amended as follows.

(2) In regulation 21 (annual maxima for those with more than one employment)—

(a) in paragraph (2)—

(i) in Step Two for “11 per cent” substitute “12 per cent”;

(ii) in Step Five for “1 per cent” substitute “2 per cent”;

(iii) in Step Seven for “1 per cent” substitute “2 per cent”; and

(b) in paragraph (3) for “11 per cent” substitute “12 per cent”.

(3) In regulation 100 (annual maxima of Class 4 contributions due under section 15 of the Social Security Contributions and Benefits Act)—

(a) in paragraph (3)—

(i) in Step Two for “8 per cent” substitute “9 per cent”;

(ii) in Step Five for “ 100 8 ” substitute “ 100 9 ”;

(iii) in Step Eight for “1 per cent” substitute “2 per cent”;

(iv) in Step Nine for “1 per cent” substitute “2 per cent”; and

(b) in paragraph (4) for “11 per cent” substitute “12 per cent”.