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The Social Security (Contributions) (Re-rating and National Insurance Fund Payments) Order 1999

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Citation, commencement and interpretation

1.—(1) This Order may be cited as the Social Security (Contributions) (Re-rating and National Insurance Fund Payments) Order 1999 and shall come into force on 6th April 1999.

(2) In this Order “the Act” means the Social Security Contributions and Benefits Act 1992.

Rate of, and small earnings exception from, Class 2 contributions

2.  In section 11 of the Act (Class 2 contributions)(1)–

(a)in subsection (1) (weekly rate) for “£6.35”, substitute “£6.55”;

(b)in subsection (4) (small earnings exception) for “£3,590”, substitute “£3,770”.

Amount of Class 3 contributions

3.  In section 13(1) of the Act (amount of Class 3 contributions)(2) for “£6.25”, substitute “£6.45”.

Lower and upper limits for Class 4 contributions

4.  In sections 15(3) and 18(1) of the Act (Class 4 contributions recoverable under the Income Tax Acts and under regulations)(3)–

(a)for “£7,310” (lower limit) in each place where it appears, substitute “£7,530”;

(b)for “£25,220” (upper limit) in both places where it appears, substitute “£26,000”.

Prescribed percentage of estimated benefit expenditure

5.  Section 2(2) of the Social Security Act 1993 (payments into the National Insurance Fund out of money provided by Parliament) shall have effect with respect to the tax year 1999–2000 and the prescribed percentage of estimated benefit expenditure for the financial year ending with 31st March in that tax year shall be 2 per cent.

Signed by authority of the Secretary of State for Social Security.

Stephen C. Timms

Minister of State,

Department of Social Security

2nd February 1999

We consent,

Clive J. C. Betts

Bob Ainsworth

Two of the Lords Commissioners of Her Majesty’s Treasury

4th February 1999

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