The Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 2003
This Order increases from £4,025 to £4,095 the amount of earnings below which an earner may be excepted from liability for Class 2 contributions, specified in section 11(4) of the Social Security Contributions and Benefits Act 1992 (c. 4: “the Act”) (Article 2). It also amends the amount of a Class 3 contribution specified in section 13(1) of the Act from £6.85 to £6.95 (article 3).