The Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2015

• Citation: S.I. 2015/577
• Sections: 4

Section 1 Citation and commencement

These regulations may be cited as the Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2015 and come into force on 6th April 2015.

Section 2 Amendments to the Social Security (Contributions) Regulations 2001

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

Section 3 Amendments to the Social Security (Contributions) Regulations 2001

In Regulation 10 (earnings limits and thresholds)—

(a) for “section 5(1)” substitute “sections 5(1) and 9A”;

(b) for “2014” substitute “2015”;

(c) in paragraph (a) (lower earnings limit: primary Class 1 contributions) for “£111” substitute “£112”;

(d) in paragraph (b) (upper earnings limit: primary Class 1 contributions) for “£805” substitute “£815”;

(e) in paragraph (c) (primary threshold: primary Class 1 contributions) for “£153” substitute “£155”;

(f) after paragraph (c) omit “and”;

(g) in paragraph (d) (secondary threshold: secondary Class 1 contributions) for “£153” substitute “£156”; and

(h) after paragraph (d) insert—

; and

(e) the upper secondary threshold for secondary Class 1 contributions in relation to the Under 21 group (for the upper limit of the age-related secondary percentage) shall be £815

Section 4 Amendments to the Social Security (Contributions) Regulations 2001

In Regulation 11 (prescribed equivalents)—

(a) in paragraph (2A)—

(i) in sub-paragraph (a) for “£3,489” substitute “£3,532”; and

(ii) in sub-paragraph (b) for “£41,865” substitute “£42,385”;

(b) in paragraph (3)—

(i) in sub-paragraph (a) for “£663” substitute “£672”; and

(ii) in sub-paragraph (b) for “£7,956” substitute “£8,060”;

(c) in paragraph (3A)—

(i) in sub-paragraph (a) for “£663” substitute “£676”; and

(ii) in sub-paragraph (b) for “£7,956” substitute “£8,112”;

(d) after paragraph (3A) insert—

(3B) Subject to paragraphs (4) and (5), the prescribed equivalents of the upper secondary threshold for secondary Class 1 contributions in relation to the Under 21 age group shall be—

(a) where the earnings period is a month, £3,532;

(b) where the earnings period is a year, £42,385;

(c) where the earnings period is a multiple of a week, the amount calculated by dividing the figure in sub-paragraph (b) by 52 and multiplying the result by the corresponding multiple;

(d) where the earnings period is a multiple of a month, the amount calculated by dividing the figure in sub-paragraph (b) by 12 and multiplying the result by the corresponding multiple;

(e) in any other case, the amount calculated by dividing the figure in sub-paragraph (b) by 365 and multiplying the result by the number of days in the earnings period concerned.

(e) in paragraph (4) for “and paragraph (3A)(c) and (d)” substitute “, paragraph (3A)(c) and (d) and paragraph (3B)(c) and (d)”; and

(f) in paragraph (5) for “and paragraph (3A)(e)” substitute “, paragraph (3A)(e) and paragraph (3B)(e)”.