In relation to secondary Class 1 contributions payable in respect of any period in a tax year to which this section applies, the secondary percentage shall not exceed 13.8%.

This section applies to a tax year which begins after the day on which this Act comes into force but before the date of the first parliamentary general election after that day.

In this section, “secondary percentage” is to be construed in accordance with section 9(2) of SSCBA 1992 and SSCB(NI)A 1992.