Regulation 2 Amendments to the principal Regulations

For regulation 7 of the principal Regulations (lower and upper earnings limits and earnings threshold)^f1 there shall be substituted—

“Lower and upper earnings limits and primary and secondary thresholds

7

For the purposes of section 5(1) of the Social Security Contributions and Benefits Act 1992 (which provides for lower and upper earnings limits and primary and secondary thresholds to be specified for each tax year in respect of Class 1 contributions), for the tax year which begins on 6th April 2000—

(a)

the lower earnings limit (for primary Class 1 contributions) shall be £67;

(b)

the upper earnings limit (for primary Class 1 contributions) shall be £535;

(c)

the primary threshold (for primary Class 1 contributions) shall be £76; and

(d)

the secondary threshold (for secondary Class 1 contributions) shall be £84.”