The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2023
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King's Printer of Acts of Parliament
2023-03-01
SOCIAL SECURITY
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”) the Social Security (Contributions) Regulations 2001 (S.I. 2001/1004) (“the Contributions Regulations”) and the National Insurance Contributions Act 2022 (c. 9) (“the NICA 2022”). The amendments have effect from 6th April 2023.
The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2023
PART 2Rates, limits and thresholds for National Insurance contributions
Amount of a Class 3 contribution4
In section 13(1) of the Act16 and the Northern Ireland Act17 (Class 3 contributions) for “£15.85” substitute “£17.45”.