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Rate of and small earnings exception from Class 2 contributions

2.  In section 11 of the Act(1) and the Northern Ireland Act(2) (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”.

(1)

Section 11 was amended by paragraph 12 of Schedule 3 to the Transfer Act. The figure in subsection (1) was last substituted by article 2(a) of S.I. 2009/593. The figure in subsection (4) was last substituted by article 2(b) of S.I. 2009/593.

(2)

Section 11 was amended by paragraph 13 of Schedule 3 to the Transfer Order. The figure in subsection (1) was last substituted by article 2(a) of S.I. 2009/593. The figure in subsection (4) was last substituted by article 2(b) of S.I. 2009/593.