Part I New Primary Threshold
Welfare Reform and Pensions Act 1999 (1999 c 30) | Legislation

SCHEDULE 9 New Threshold for Primary Class 1 Contributions

Section 73

Part I New Primary Threshold

Earnings limits and thresholds for Class 1 contributions

1

For section 5 of the Contributions and Benefits Act substitute—

“5 Earnings limits and thresholds for Class 1 contributions

(1)     For the purposes of this Act there shall for every tax year be—

(a)     the following for primary Class 1 contributions—

(i)     a lower earnings limit,

(ii)     a primary threshold, and

(iii)     an upper earnings limit; and

(b)     a secondary threshold for secondary Class 1 contributions.

Those limits and thresholds shall be the amounts specified for that year by regulations which, in the case of those limits, shall be made in accordance with subsections (2) and (3) below.

(2)     The amount specified as the lower earnings limit for any tax year shall be an amount equal to or not more than 99p less than—

(a)     the sum which at the beginning of that year is specified in section 44(4) below as the weekly rate of the basic pension in a Category A retirement pension; or

(b)     that sum as increased by any Act or order passed or made before the beginning

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