The Social Security (Miscellaneous Amendments No. 2) Regulations (Northern Ireland) 2015
These Regulations amend a number of different regulations relating to social security in consequence of certain provisions of Schedule 1 to the National Insurance Act 2015 (c. 5) (“the 2015 Act”) coming into operation. Paragraph 12 of Schedule 1 to the 2015 Act substitutes section 11 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c.7), which relates to liability for Class 2 National Insurance contributions. From 6th April 2015 self-employed earners with profits in a tax year of £5,965 (the Small Profits Threshold) or over will pay Class 2 contributions via the Self-Assessment system.