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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Social Security (Contributions) Amendment (No. 2) Regulations 1993 No. 281 URL: http://www.bailii.org/uk/legis/num_reg/1993/uksi_1993281_en.html |
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Statutory Instruments
SOCIAL SECURITY
Made
17th February 1993
Laid before Parliament
24th February 1993
Coming into force
6th April 1993
The Secretary of State for Social Security, in exercise of powers conferred by sections 5, 116(2)(a) and 175(1) to (3) of the Social Security Contributions and Benefits Act 1992(1) and section 116(2)(a) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992(2) and of all other powers enabling him in that behalf, and after agreement by the Social Security Advisory Committee that the proposals to make regulation 2(3) of these Regulations shall not be referred to it(3), hereby makes the following Regulations:
1.-(1) These Regulations may be cited as the Social Security (Contributions) Amendment (No. 2) Regulations 1993 and shall come into force on 6th April 1993.
(2) In these Regulations, "the principal Regulations" means the Social Security (Contributions) Regulations 1979(4).
2.-(1) The principal Regulations shall be further amended in accordance with the following provisions of this regulation.
(2) In regulation 7 (lower and upper earnings limits for Class 1 contributions)-
(a)for the date of "6th April 1992" there shall be substituted the date of "6th April 1993"; and
(b)for the sums of "£54" and "£405" there shall be substituted respectively the sums of "£56" and "£420".
(3) In sub-paragraphs (a) and (b) of regulation 115(1) (reduction of rate of Class 1 contributions payable in respect of earnings of serving members of the forces) for the figure "0.4" in each place where it appears there shall be substituted the figure "0.5".
Signed by authority of the Secretary of State for Social Security.
Ann Widdecombe
Parliamentary Under-Secretary of State,
Department of Social Security
17th February 1993
(This note is not part of the Regulations)
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.
