Article 2 Weekly earnings figures and appropriate percentage rates for secondary earnings brackets

(1)

Section 9 of the Act^f1 (calculation of secondary Class 1 contributions) shall be amended in accordance with the provisions of this article.

(2)

In subsection (3) (secondary earnings brackets and percentage rates)—

(a)

for the figure “£94.99” specified in respect of Bracket 1 there shall be substituted the figure “£99.99” and for the percentage rate figure “4.6 per cent.” there shall be substituted the figure “3.6 per cent.”;

(b)

for the figures “£95.00” and “£139.99” specified in respect of Bracket 2 there shall be substituted respectively the figures “£100.00” and “£144.99” and for the percentage rate figure “6.6 per cent.” there shall be substituted the figure “5.6 per cent.”;

(c)

for the figures “£140.00” and “£194.99” specified in respect of Bracket 3 there shall be substituted respectively the figures “£145.00”and “£199.99” and for the percentage rate figure “8.6 per cent.” there shall be substituted the figure “7.6 per cent.”;

(d)

for the figure “£195.00” specified in respect of Bracket 4 there shall be substituted the figure “£200.00” and for the percentage rate figure “10.4 per cent.” there shall be substituted the figure “10.2 per cent.”.

Annotations

Footnotes

f1: Section 9 was amended by article 2 of S.I. 1993/280 from 6th April 1993.