Section 145 — Social Security Administration Act 1992: Power to alter primary and secondary contributions

Power to alter primary and secondary contributions 145 1 For the purpose of adjusting amounts payable by way of primary Class 1 contributions, the Treasury may at any time make an order altering the percentage rate specified as the main primary percentage in section 8(2)(a) of the Contributions and Benefits Act.

2 For the purpose of adjusting amounts payable by way of secondary Class 1 contributions, the Treasury may at any time make an order altering the percentage rate specified as the secondary percentage in section 9(2) of the Contributions and Benefits Act.

3 No order shall be made under this section so as to increase for any tax year the main primary percentage, or the secondary percentage, to a percentage rate more than 0.25 per cent higher than that applicable at the end of the preceding tax year.

4 Without prejudice to section 141 or 143 above, the Treasury may make such order—

a amending section of the Contributions and Benefits Act by altering the figure specified 11(6) ... as the weekly rate of Class 2 contributions;

b amending section 13(1) of that Act by altering the figure specified in that subsection as the amount of a Class 3 contribution, as the Treasury think fit in consequence of the coming into force of an order made or proposed to be made under subsection (1) above.