Section 2 | Secondary threshold for secondary Class 1 contributions

(1)The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004) are amended as follows.

(2)In regulation 10(d) (the secondary threshold for secondary Class 1 contributions), for “£175” substitute “£96”.

(3)In regulation 11(3A) (prescribed equivalents of the secondary threshold)—

(a)in sub-paragraph (a), for “£758” substitute “£417”, and

(b)in sub-paragraph (b), for “£9,100” substitute “£5,000”.

(4)The amounts substituted by this section are specified for the tax year 2025-26.