Explanatory note

These Regulations further amend the Social Security (Contributions) Regulations 1979 (“the principal Regulations”).

They amend regulation 7 of the principal Regulations by increasing the weekly lower and upper earnings limits for Class 1 contributions for the tax year beginning on 6th April 1993. The lower earnings limit is increased from £54 to £56 and the upper earnings limit from £405 to £420.

They also amend regulation 115 of the principal Regulations by increasing the abatement of percentage rates of Class 1 contributions payable by and in respect of serving members of the forces from 0.4 per cent to 0.5 per cent.

Regulation 2(2) of these Regulations is made under section 5 of the Social Security Contributions and Benefits Act 1992 and the proposals for it are exempt from reference to the Social Security Advisory Committee by virtue of section 172(3) of, and paragraph 4 of Part I of Schedule 7 to, the Social Security Administration Act 1992.