
1 

(1) This Order may be cited as the Social Security (Contributions) (Re-rating and National Insurance Fund Payments) Order 1994 and shall come into force on 6th April 1994.
(2) In this Order—
 “the Act” means the Social Security Contributions and Benefits Act 1992.
2 

(1) Section 9 of the Act (calculation of secondary Class 1 contributions) 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 “£94.99” specified in respect of Bracket 1 there shall be substituted the figure “£99.99” and for the percentage rate figure “4.6 per cent.” there shall be substituted the figure “3.6 per cent.”;
(b) for the figures “£95.00” and “£139.99” specified in respect of Bracket 2 there shall be substituted respectively the figures “£100.00” and “£144.99” and for the percentage rate figure “6.6 per cent.” there shall be substituted the figure “5.6 per cent.”;
(c) for the figures “£140.00” and “£194.99” specified in respect of Bracket 3 there shall be substituted respectively the figures “£145.00”and “£199.99” and for the percentage rate figure “8.6 per cent.” there shall be substituted the figure “7.6 per cent.”;
(d) for the figure “£195.00” specified in respect of Bracket 4 there shall be substituted the figure “£200.00” and for the percentage rate figure “10.4 per cent.” there shall be substituted the figure “10.2 per cent.”.
3 
In section 11 of the Act (Class 2 contributions)—
(a) in subsection (1) (weekly rate) for the figure “£5.55” there shall be substituted the figure “£5.65”;
(b) in subsection (4) (small earnings exception) for the figure “£3,140” there shall be substituted the figure “£3,200”.
4 
In section 13(1) of the Act (amount of Class 3 contributions) for the figure “£5.45”there shall be substituted the figure “£5.55”.
5 
In both section 15(3) and section 18(1) of the Act (Class 4 contributions recoverable under the Income Taxes Acts and under regulations)—
(a) for the percentage rate “6.3 per cent.” there shall be substituted the percentage rate “7.3 per cent.”;
(b) for the figure “£6,340”(lower limit) on each occasion where it appears there shall be substituted the figure “£6,490”;
(c) for the figure “£21,840” (upper limit) there shall be substituted the figure “£22,360”.
6 
Section 2(2) of the 1993 Act shall have effect with respect to the tax year 1994-95 and the prescribed percentage of estimated benefit expenditure for the financial year ending with 31st March in that tax year shall be 16 per cent.
Signed by authority of the Secretary of State for Social Security.
Nicholas Scott
Minister of State,
Department of Social Security
2nd March 1994We consent,
Timothy Kirkhope
Irvine Patnick
Two of the Lords Commissioners of Her Majesty’s Treasury
3rd March 1994