Section 4 | Transitional and consequential provision

(1)Regulation 21 of the Social Security (Contributions) Regulations 2001 (annual maxima for Class 1 contributions etc for those with more than one employment) has effect as if the primary threshold were £229.

(2)Those regulations have effect in relation to an earnings period specified in regulation 8(2) to (5) of those regulations (earnings periods for directors) as if—

(a)for the amount specified in regulation 10(c) there were substituted “£229”, and

(b)for the amount specified in regulation 11(3)(b) there were substituted “£11,908”.

(3)The modifications made by subsections (1) and (2) have effect for the tax year 2022-23.

(4)The Treasury may by regulations make such provision (including provision having retrospective effect from no earlier than 6 April 2022) amending or otherwise modifying the Social Security (Contributions) Regulations 2001 as they consider appropriate in consequence of provision made by or under this Act.