The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2021
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King's Printer of Acts of Parliament
2021-01-15
SOCIAL SECURITY
2021-04-06
These Regulations amend the Social Security Contributions and Benefits Act 1992 (c. 4) and corresponding provisions in the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7) (“the Acts”), and the Social Security (Contributions) Regulations 2001 (S.I. 2001/1004) (“the Contributions Regulations”). The amendments have effect from 6th April 2021.
The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2021
PART 2Rates, limits and thresholds for National Insurance contributions
Small profits threshold for Class 2 contributions3
In section 11(4) of the Act13 and the Northern Ireland Act14 (Class 2 contributions small profits threshold) for “£6,475” substitute “£6,515”.