Commentary on provisions of Act Section 2: Increase in lower limit of profit for Class 4 contributions
Section 2(1) amends sections 15(3) and 18(1) and (1A) SSCBA 1992 and SSCB(NI)A 1992 by replacing the amount specified for the LPL as £9,880 with £11,908.
	Section 2(2) specifies the amendment by subsection (1) is treated as coming into force on 6 April 2022.
	Section 2(3) and 2(4) specifies that the amount of £11,908 (as substituted by subsection (1)) is to be replaced by £12,570 from 6 April 2023.