Social Security (Contributions) Act 1994

In section 8 of the Social Security Contributions and Benefits Act 1992 (calculation of primary Class 1 contributions), in subsection (2)(b) (by virtue of which the main primary percentage is 9 per cent.) for “9 per cent.” substitute “ 10 per cent. ”.

The above amendment comes into effect on 6th April 1994.

In section 162(5) 0of the Social Security Administration Act 1992 (destination of contributions: national health service allocation), in paragraph (a) (allocation in case of primary Class 1 contributions) for the words from “the earnings” to the end substitute “ so much of the earnings in respect of which those contributions were paid as exceeded the lower earnings limit but did not exceed the upper earnings limit; ”.

After subsection (6) of that section insert—.

The above amendments shall be deemed to have had effect as from the commencement of the 1992 Act; and corresponding amendments to section 134 of the Social Security Act 1975 shall be deemed to have had effect as from the commencement of section 1 of the Social Security Act 1989.

In paragraph 3(2) of Schedule 2 to the Social Security Contributions and Benefits Act 1992 and the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (computation of profits or gains for purposes of Class 4 contributions: reliefs which do not apply)—

The above amendments shall be deemed to have had effect as from the commencement of those Acts; and corresponding amendments to paragraph 3(2) of Schedule 2 to the Social Security Act 1975 and the Social Security (Northern Ireland) Act 1975 shall be deemed to have had effect as from the commencement of section 31 of the Finance (No. 2) Act 1987 (deduction of personal pension contributions from relevant earnings).

This Act may be cited as the Social Security (Contributions) Act 1994.

Sections 3 and 4 and this section extend to Northern Ireland, but otherwise this Act does not extend there.