The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations, SI 2022/232, give effect to the following from 6 April 2022:
increases in the flat-rate class 2 and 3 weekly amounts;
uplift in the small profits threshold for class 2 contributions and the lower limit for class 4;
increases in the class 1 limits and thresholds.
The 1.25 percentage point increase in contribution rates for the tax year 2022/23 was given effect separately by the Health and Social Care Levy Act 2021 s 5.
The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations, SI 2022/232, give effect to the following from 6 April 2022:
increases in the flat-rate class 2 and 3 weekly amounts;
uplift in the small profits threshold for class 2 contributions and the lower limit for class 4;
increases in the class 1 limits and thresholds.
The 1.25 percentage point increase in contribution rates for the tax year 2022/23 was given effect separately by the Health and Social Care Levy Act 2021 s 5.
