
Part 1
1 
These Regulations may be cited as the Social Security (Contributions) (Rates, Limits and Thresholds Amendments, National Insurance Funds Payments and Extension of Veteran's Relief) Regulations 2025 and come into force on 6th April 2025.
Part 2
2 
In this Part—
 “the Act” means the Social Security Contributions and Benefits Act 1992;
 “the Northern Ireland Act” means the Social Security Contributions and Benefits (Northern Ireland) Act 1992.
3 
In section 11 of the Act and the Northern Ireland Act (Class 2 contributions)—
(a) in subsection (4) for “£6,725” substitute “£6,845”;
(b) in subsection (6) for “£3.45” substitute “£3.50”.
4 
In section 13(1) of the Act and the Northern Ireland Act (Class 3 contributions) for “£17.45” substitute “£17.75”.
5 

(1) The Social Security (Contributions) Regulations 2001 are amended as follows.
(2) In regulation 10 (earnings limits and thresholds)—
(a) for “2024” substitute “2025”;
(b) in paragraph (a) for “£123” substitute “£125”.
6 

(1) The National Insurance Contributions Act 2022 is amended as follows.
(2) In section 6(4) (zero-rate contributions for armed forces veterans)—
(a) in paragraph (b) for “2023-24.” substitute “2023-24;”;
(b) in paragraph (c) for “2024-25.” substitute “2024-25;”;
(c) after paragraph (c) insert—“
(d) 2025-26.”.
(3) In sections 8(1) and (2) (upper secondary threshold for earnings: special tax site employees and armed forces veterans) for “and 6 April 2024” substitute “, 6 April 2024 and 6 April 2025”.
Part 3
7 
Section 2(2) of the Social Security Act 1993 (payments into National Insurance Fund out of money provided by Parliament) has effect with respect to the tax year 2025-26 and the prescribed percentage of estimated benefit expenditure for the financial year ending with 31st March in that tax year shall be 5 per cent.
8 
Article 4(3) of the Social Security (Northern Ireland) Order 1993 (payments into National Insurance Fund out of appropriated money) has effect with respect to the tax year 2025-26 and the prescribed percentage of estimated benefit expenditure for the financial year ending with 31st March in that tax year shall be 5 per cent.
Vicky Foxcroft
Anna Turley
Two of the Lords Commissioners of His Majesty's Treasury
5th March 2025