Déclaration de l’UE sur le « référendum constitutionnel » au Haut-Karabagh
In section 9(2) of the Social Security Contributions and Benefits Act 1992 (rate of secondary Class 1 contributions), for “13.8%” substitute “15%”.
In section 9(2) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (equivalent provision for Northern Ireland), for “13.8%” substitute “15%”.
The amendments made by this section come into force on 6 April 2025.
The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004) are amended as follows.
In regulation 10(d) (the secondary threshold for secondary Class 1 contributions), for “£175” substitute “£96”.
In regulation 11(3A) (prescribed equivalents of the secondary threshold)—
in sub-paragraph (a), for “£758” substitute “£417”, and
in sub-paragraph (b), for “£9,100” substitute “£5,000”.
The amounts substituted by this section are specified for the tax year 2025-26.
The National Insurance Contributions Act 2014 is amended as follows.
In section 1(2)(a) (the amount of the employment allowance), for “£5,000” substitute “£10,500”.
In section 2 (exceptions), omit—
subsections (4B) to (4G) (secondary Class 1 liability limit of £100,000 or more and receipt of de minimis state aid), and
the italic heading preceding those subsections.
The amendments made by this section come into force on 6 April 2025.
This Act may be cited as the National Insurance Contributions (Secondary Class 1 Contributions) Act 2025.