National Insurance Act 1974

1 Weekly rates of benefits under National Insurance Acts 1965 and 1966

(1) In the [1965 c. 51.] National Insurance Act 1965 (hereafter in this Act referred to as " the Insurance Act"), in Schedule 3 (which sets out the weekly rates of benefits under that Act) there shall be substituted the provisions set out in Schedule 1 to this Act for those set out in Schedule 1 to the [1973 c. 42.] National Insurance and Supplementary Benefit Act 1973 (hereafter in this Act referred to as " the Act of 1973 " ).

(2) In sections 2(4) and 4(1) of the [1966 c. 6.] National Insurance Act 1966, in the words inserted by the amendments made by section 6 of the [1971 c. 50.] National Insurance Act 1971 (under which certain earnings-related benefits may include an amount equal to 15 per cent, of the amount, up to £12, by which the relevant earnings exceeded £30), for the word " £12 " there shall be substituted, for cases where the tax year there referred to is later than the year 1974-75, the word " £32 " instead of the £24 substituted by section 1(2) of the Act of 1973.