Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 2005 comes into force

Implementation date: 6 April 2005

The Order increases the rates of Class 2 and Class 3 contributions from £2.05 to £2.10 and from £7.15 to £7.35 respectively. It also increases the amount of earnings below which an earner may be excepted from liability for Class 2 contributions from £4,215 to £4,345. The Order can be viewed on the OPSI website.
More from XpertHR on this item: XpertHR statutory rates