Article 4 Lower and upper limits for Class 4 contributions

In each of sections 15(3), 18(1) and 18(1A) of the Act^f1 and sections 15(3), 18(1) and 18(1A) of the Northern Ireland Act^f2 (Class 4 contributions recoverable under the Income Tax Acts and under regulations)—

(a)

for “£4,615” (lower limit) in each place where it appears, substitute “£4,745”; and

(b)

for “£30,940” (upper limit) in each place where it appears, substitute “£31,720”.

Annotations

Footnotes

f1: Section 15(3) was substituted by section 3(1) of the National Insurance Contributions Act 2002. Section 18(1) was amended by paragraph 18(2) of Schedule 3 to the Transfer Act and Schedule 2 to the National Insurance Contributions Act 2002 and the figure in that section was last substituted by article 5(a) of S.I. 2002/830. Section 18(1A) was inserted by section 3(3) of the National Insurance Contributions Act 2002.
f2: Section 15(3) was substituted by section 3(2) of the National Insurance Contributions Act 2002. Section 18(1) was amended by paragraph 18(2) of Schedule 3 to the Transfer Order and Schedule 2 to the National Insurance Contributions Act 2002 and the figure in that section was last substituted by article 5(a) of S.I. 2002/830. Section 18(1A) was inserted by section 3(4) of the National Insurance Contributions Act 2002.