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The Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2012

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This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2012 No. 804

Draft Regulations laid before Parliament under section 176(1)(za) and (zb) of the Social Security Contributions and Benefits Act 1992 and section 172(11ZA) and (11ZB) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992, for approval by resolution of each House of Parliament.

Draft Statutory Instruments

2012 No. 0000

Social Security

The Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2012

Made

***

Coming into force

6th April 2012

These Regulations are made by the Treasury in exercise of the powers conferred by sections 5(1) and (4) to (6) and 175(3) of the Social Security Contributions and Benefits Act 1992 (“the Contributions Act”)(1) and sections 5(1) and (4) to (6) and 171(3) and (10) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (“the Northern Ireland Contributions Act”)(2).

A draft of this instrument was laid before Parliament in accordance with section 176(1)(za) and (zb)(3) of the Contributions Act and section 172(11ZA) and (11ZB)(4) of the Northern Ireland Contributions Act and approved by a resolution of each House of Parliament.

(1)

1992 c. 4. Section 5 was substituted by paragraph 1 of Part 1 of Schedule 9 to the Welfare Reform and Pensions Act 1999 (c. 30) (“the WRPA 1999”). Section 5(1) was amended by section 1(1)(a) of, and Schedule 2 to, the National Insurance Contributions Act 2008 (c. 16) (“the Contributions Act 2008”).

(2)

1992 c. 7. Section 5 was substituted by paragraph 1 of Part 1 of Schedule 10 to the WRPA 1999. Section 5(1) was amended by section 2(1)(a) of, and Schedule 2 to, the Contributions Act 2008. Section 171(10) was substituted by paragraph 28(3) of Schedule 3 to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I. 1999/671).

(3)

Section 176(1)(za) was inserted by section 7(5) of the Pensions Act 2007 (c. 22) (“the PA 2007”). Section 176(1)(za) provides that a statutory instrument containing regulations under section 5 of the Contributions Act 2008 specifying the lower earnings limit for the tax year following the designated tax year (for the purposes of section 5 of the PA 2007) or any subsequent tax year shall not be made unless a draft of the instrument has been laid before Parliament and has been approved by a resolution of each House. S.I. 2010/2650 provides that the designated tax year for the purposes of section 5 of the PA 2007 is the tax year 2010-11. Further, section 7(3) of the PA 2007 provides that section 5(2) (link between lower earnings limit and weekly rate of basic pension) of the Contributions Act 2008 is omitted and section 7(4) of the PA 2007 provides that the omission has effect in relation to the tax year following the designated tax year and any subsequent tax year. Section 176(1)(zb) was inserted by section 1(2) of the Contributions Act 2008.

(4)

Section 172(11ZA) was inserted by section 8(5) of the PA 2007. The designated tax year for these purposes is the tax year 2010-11 – see footnote (c) above. Section 172(11ZB) was inserted by section 2(2) of the Contributions Act 2008.

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