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

(1)

Section 9 of the Act (calculation of secondary Class 1 contributions)^f1 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 “£99.99” specified in respect of Bracket 1 there shall be substituted the figure “£104.99” and for the percentage rate figure “3.6 per cent.” there shall be substituted the figure “3 per cent.”;

(b)

for the figures “£100.00” and “£144.99” specified in respect of Bracket 2 there shall be substituted respectively the figures “£105.00” and “£149.99” and for the percentage rate figure “5.6 per cent.” there shall be substituted the figure “5 per cent.”;

(c)

for the figures “£145.00” and “£199.99” specified in respect of Bracket 3 there shall be substituted respectively the figures “£150.00” and “£204.99” and for the percentage rate figure “7.6 per cent.” there shall be substituted the figure “7 per cent.”;

(d)

for the figure “£200.00” specified in respect of Bracket 4 there shall be substituted the figure “£205.00”.

Annotations

Footnotes

f1: Section 9 was further amended by article 2 of S.I. 1994/544 from 6th April 1994.