# The Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2015, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Social Security (Contributions) Regulations 2001 (S.I. 2001/1004) (“the principal Regulations”).
Regulation 3 amends Regulation 10 of the principal Regulations to specify the levels of the lower and upper earnings limits for primary Class 1 contributions and the primary and secondary thresholds for primary and secondary Class 1 contributions for the tax year beginning 6th April 2015. It also introduces an upper secondary threshold for the age-related secondary percentage for secondary Class 1 contributions which applies in relation to primary contributors who are under the age of 21.
Regulation 4 amends Regulation 11 of the principal Regulations so as to provide for equivalents of the upper earnings limit, primary threshold and secondary threshold where the earnings period is a month or a year. It also provides monthly, annual or irregular period equivalents for the upper secondary threshold.
A Tax Information and Impact Note has not been prepared for this instrument as it gives effect to previously announced policy and it relates to routine changes to rates, limits and thresholds to a predetermined indexation formula.

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Source: https://www.legislation.gov.uk/ukdsi/2015/9780111127377/note (the official version)
Page: https://openlegislation.uk/draft-social-security-contributions-limits-and-thresholds-amendment-regulations-2015/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.