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The Social Security (Contributions) (Amendment No. 5) Regulations 2008

S.I. 2008/2624 · Made 6 October 2008

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

SOCIAL SECURITY

Made 6th October 2008

Laid before Parliament 6th October 2008

Coming into force 27th October 2008

The Treasury make the following Regulations in exercise of the powers conferred by sections 3(2) and (3) and 175(1A), (4) and (5) of the Social Security Contributions and Benefits Act 1992, and now exercisable by themf1.

The Secretary of State concurs in the making of these Regulations.

Annotations to the whole text

Footnotes

f1

1992 c. 4. Section 3(2) was amended by paragraph 3 of Schedule 3 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2: “the Transfer Act”). In section 175, subsection (1A) was inserted and subsection (4) amended by paragraph 29 of Schedule 3 to the Transfer Act; subsection (1A) was amended by Schedule 6 to the Tax Credits Act 2002 (c. 21).

Contents

  1. 1Citation and commencement
  2. 2Amendment of the Social Security (Contributions) Regulations 2001
  3. Signature
  4. Explanatory note

1Citation and commencement

These Regulations may be cited as the Social Security (Contributions) (Amendment No. 5) Regulations 2008 and shall come into force on 27th October 2008.

2Amendment of the Social Security (Contributions) Regulations 2001

(1)

The Social Security (Contributions) Regulations 2001f1 are amended as follows.

(2)

In Part 10 of Schedule 3 (miscellaneous payments to be disregarded in the computation of an employed earner’s earnings)—

(a)

in sub-paragraph (1) of paragraph 1f2 for “2 to 20” substitute “2 to 21”; and

(b)

after paragraph 20 insert the following paragraph—

“Better off in Work Credit payments

21

Any Better off in Work Credit payment made pursuant to arrangements made by the Secretary of State under section 2 of the Employment and Training Act 1973f3.

This paragraph does not apply to Northern Ireland.”

Signature

Claire Ward

Dave Watts

Two of the Lords Commissioners of Her Majesty’s Treasury

6th October 2008

The Secretary of State concurs.

Signed by authority of the Secretary of State for Work and Pensions

Mike O’Brien

Minister of State

Department for Work and Pensions

25th September 2008

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the Social Security (Contributions) Regulations 2001 (S.I. 2001/1004). In particular Schedule 3 to those Regulations allows certain payments to be disregarded in the computation of earnings for the purpose of establishing liability for earnings-related national insurance contributions. These Regulations provide such a disregard in Great Britain in respect of any payment of Better off in Work Credit.

A full and final Impact Assessment has not been produced for this instrument as a negligible impact on the private or voluntary sectors is foreseen.