National Insurance Contributions Act 2015 (c. 5)

SCHEDULES

SCHEDULE 1 U.K. Reform of Class 2 contributions

SSAA 1992 U.K.

19 U.K. SSAA 1992 is amended as follows.

20 U.K. In section 141 (annual review of contributions), in subsection (4)—

(a) in paragraph (a), for “section 11(1)” substitute “ section 11(2) and (6) ”;

(b) in paragraph (b), for the words from “amount” to the end substitute “ small profits threshold for the purposes of Class 2 contributions ”.

21 (1) Section 143 (power to alter contributions with a view to adjusting the level of the National Insurance Fund) is amended as follows. U.K.

(2) In subsection (1)(c), for “section 11(1)” substitute “ section 11(2) and (6) ”.

(3) In subsection (3)—

(a) for “section 11(1)” substitute “ section 11(2) and (6) ”;

(b) for the words from “amount” to the end substitute “ small profits threshold for the purposes of Class 2 contributions ”.

22 U.K. In section 145 (power to alter primary and secondary contributions), in subsection (4)(a)—

(a) for “section 11(1)” substitute “ section 11(2) and (6) ”;

(b) omit “in that subsection”.