The Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 2014
This Order, which comes into force on 6th April 2014, increases the rates of Class 2 and Class 3 contributions specified in sections 11(1) and 13(1) of the Social Security Contributions and Benefits Act 1992 (c. 4) (“the Act”) from £2.70 to £2.75 and £13.55 to £13.90 respectively (articles 2(a) and 3). It also increases the amount of earnings specified in section 11(4) of the Act, below which an earner may be excepted from liability for Class 2 contributions, from £5,725 to £5,885 (article 2(b)).
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Lifecycle
Department
Made
10 Mar 2014
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In force
06 Apr 2014
Enabling power
A draft of this Order was laid before Parliament in accordance with the provisions of sections 141(3) and 190(1)(a) of the Administration Act, section 166(10A) of the Northern Ireland Administration Act, section 2(8) of the 1993 Act and article 4(8) of the 1993 Orderand approved by a resolution of each House of Parliament.
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