National Insurance Contributions Act 2008

Document Number:2008 CHAPTER 16
Coming into force:Coming into force on the 16/01/2009
 
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An Act to make provision in connection with the upper earnings limit for national insurance contributions (including in particular provision about the upper accrual point). 9

[21 st July 2008]

Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

1 Amount to be specified as upper earnings limit: Great Britain

(1) In section 5 of the Social Security Contributions and Benefits Act 1992 (c. 4) (earnings limits and thresholds for Class 1 contributions)—

(a) in subsection (1) , omit the words from “which” to the end, and

(b) omit subsection (3) (amount to be specified as upper earnings limit).

(2) In section 176(1) of that Act (statutory instruments subject to the affirmative procedure) , after paragraph (za) insert—

“(zb) regulations under section 5 specifying the upper earnings limit;”.

(3) The amendments made by subsections (1)(b) and (2) have effect in relation to regulations specifying the upper earnings limit for 2009-10 or any subsequent tax year.

2 Amount to be specified as upper earnings limit: Northern Ireland

(1) In section 5 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7) (earnings limits and thresholds for Class 1 contributions)—

(a) in subsection (1) , omit the words from “which” to the end, and

(b) omit subsection (3) (amount to be specified as upper earnings limit).

(2) In section 172 of that Act (control of regulations and orders) , after subsection (11 ZA) insert—

“(11 ZB) A statutory instrument containing (whether alone or with other provisions) regulations under section 5 specifying the upper earnings limit shall not be made unless a draft of the instrument has been laid before and approved by resolution of each House of Parliament.”

(3) The amendments made by subsections (1)(b) and (2) have effect in relation to regulations specifying the upper earnings limit for 2009-10 or any subsequent tax year.

3 Additional pension: upper accrual point to replace upper earnings limit from 2009-10

(1) The Social Security Contributions and Benefits Act 1992 (c. 4) is amended as follows.

(2) In section 22(2 B) (earnings factors) , for “the flat rate introduction year” (in both places) substitute “2009-10”.

(3) In section 44(7)(c) (category A retirement pension) , for “the flat rate introduction year” (in both places) substitute “2009-10”.

(4) In section 122 (interpretation)—

(a) in subsection (1) , for the definition of “the upper accrual point” substitute—

““the upper accrual point” is £770;”,

(b) after subsection (6) insert—

“(6 A) The Treasury may by regulations prescribe an equivalent of the upper accrual point in relation to earners paid otherwise than weekly (and references in this or any other Act to “the prescribed equivalent”, in the context of the upper accrual point, are to the equivalent prescribed under this subsection in relation to such earners).

(6...

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