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

3.  In section 11 of the Act (Class 2 contributions)—

(a)in subsection (1) (weekly rate) for “£5 ·35”there shall be substituted “£5·55”;

(b)in subsection (4) (small earnings exception) for “£3,030”there shall be substituted “£3,140”.