The Regulations prescribe that the provision in the Social Security (Contributions) Regulations 2001 (SI 2001/1004), which provides for the return of national insurance contributions paid in excess of the annual maximum, should take account of the upper accrual point.
The Order increases the multiplier used to calculate the cash equivalent of the benefit of car fuel received by an employee, from £16,900 to £18,000, and the figure used to calculate the cash equivalent of the benefit of van fuel received by an employee, from £500 to £550.
The Regulations prescribe that expenses paid for, or reimbursed to, ministers of religion in respect of heating, lighting, cleaning and gardening in connection with living accommodation provided with employment, are disregarded in the computation of the minister’s earnings for liability to Class 1 national insurance contributions.
The Order amends the amount of national insurance contributions that are refunded to people who contract out of the state second pension, to ensure that age-related percentages used to work out the rebate continue to be based on the rates of accrual used for the state second pension.
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