The Social Security (Contributions and Credits) (Miscellaneous Amendments) Regulations 1999 No. 568

Substitution of regulation 7 of the principal Regulations

3.  For regulation 7 of the principal Regulations (lower and upper earnings limits)(1), substitute—

“Lower and upper earnings limits and earnings threshold

7.   For the purposes of section 5(1) of the Social Security Contributions and Benefits Act 1992 (which provides for lower and upper earnings limits and an earnings threshold to be specified for each tax year in respect of Class 1 contributions), for the year which begins on 6th April 1999—

(a) the lower earnings limit (for primary Class 1 contributions) for that year shall be £66;

(b) the upper earnings limit (for primary Class 1 contributions) for that year shall be £500;

(c) the earnings threshold (for secondary Class 1 contributions) for that year shall be—

(i) £83 per week where the earnings period is a week;

(ii) £361 per month where the earnings period is a month;

(iii) £4,335 per year where the earnings period is a year.”.

(1)

Regulation 7 was amended by regulation 2 of S.I. 1998/523.