# National Insurance Contributions (Increase of Thresholds) Act 2022, Section 2: Increase in lower limit of profits for Class 4 contributions

Extent: E+W+S+N.I.

(1) In sections 15(3)(a) and 18(1)(c) and (1A)(a) of—
(a) the Social Security Contributions and Benefits Act 1992, and
(b) the Social Security Contributions and Benefits (Northern Ireland) Act 1992,
for “£9,880” (the lower limit of profits) substitute “£11,908”.
(2) The amendments made by subsection (1) are treated as having come into force on 6 April 2022.
(3) In those sections, for “£11,908” (as substituted by subsection (1)) substitute “£12,570”.
(4) The amendments made by subsection (3) come into force on 6 April 2023.

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Source: https://www.legislation.gov.uk/ukpga/2022/16/section/2 (the official version)
Page: https://openlegislation.uk/national-insurance-contributions-increase-of-thresholds-act-2022/section-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.