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National Insurance Act 1974

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This is the original version (as it was originally enacted).

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

(1)In the 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 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 National Insurance Act 1966, in the words inserted by the amendments made by section 6 of the 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

£32instead of the £24 substituted by section 1(2) of the Act of 1973.

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