Paragraph 16

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 1 para. 14(2) repealed by Welfare Reform Act 2007 Sch. 8
Sch. 1 para. 37 repealed by Pensions Act 2007 Sch. 7 Pt. 7
Sch. 1 para. 38 repealed by Pensions Act 2007 Sch. 7 Pt. 7
Sch. 1 para. 42 repealed by Pensions Act (Northern Ireland) 2008 Sch. 6 Pt. 7
Sch. 1 para. 43 repealed by Pensions Act (Northern Ireland) 2008 Sch. 6 Pt. 7
Sch. 1 para. 33(2) repealed by Welfare Reform Act (Northern Ireland) 2007 Sch. 8

(1)

Section 141 (annual review of contributions) is amended as follows.

(2)

In subsection (4)(d), for the words from “section 15(3)” onwards substitute “ subsection (3) of section 15 as the upper limit of profits or gains to be taken into account for the purposes of Class 4 contributions under that section and as the lower limit of profits or gains to be taken into account for those purposes under paragraph (a) of that subsection. ”

(3)

In subsection (5)—

(a)

for “specified in section 15(3) of the Contributions and Benefits Act” substitute “ referred to in subsection (4)(d) above ”, and

(b)

for “18(1) of that Act” substitute “ 18 of the Contributions and Benefits Act ”.