Social Security PART 1 General Citation and commencement 1 These Regulations may be cited as the Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2021 and come into force on 6th April 2021. PART 2 Rates, limits and thresholds for National Insurance contributions Interpretation 2 In this Part— “the Act” means the Social Security Contributions and Benefits Act 1992; “the Northern Ireland Act” means the Social Security Contributions and Benefits (Northern Ireland) Act 1992. Small profits threshold for Class 2 contributions 3 In section 11(4) of the Act and the Northern Ireland Act (Class 2 contributions small profits threshold) for “£6,475” substitute “£6,515”. Amount of a Class 3 contribution 4 In section 13(1) of the Act and the Northern Ireland Act (Class 3 contributions) for “£15.30” substitute “£15.40”. Lower limit and upper limit of profits for Class 4 contributions 5 1 In sections 15(3)(a) and 18(1)(c) and (1A)(a) of the Act and the Northern Ireland Act (Class 4 contributions recoverable under the Income Tax Acts and under regulations) for “£9,500” (lower limit) substitute “£9,568”. 2 In sections 15(3) and 18(1A) of the Act and the Northern Ireland Act for “£50,000” (upper limit) in each place where it appears substitute “£50,270”. Amendments to the Social Security (Contributions) Regulations 2001 6 1 The Social Security (Contributions) Regulations 2001 are amended as follows. 2 In regulation 10 (earnings limits and thresholds)— a in the introductory words, for “2020” substitute “2021”; b in paragraphs (b) (upper earnings limit: primary Class 1 contributions), (e) (upper secondary threshold: under 21 group secondary Class 1 contributions) and (f) (upper secondary threshold: apprentices secondary Class 1 contributions) for “£962” substitute “£967”; c in paragraph (c) (primary threshold: primary Class 1 contributions) for “£183” substitute “£184”; and d in paragraph (d) (secondary threshold: secondary Class 1 contributions) for “£169” substitute “£170”. 3 In regulation 11 (prescribed equivalents)— a in paragraphs (2A) (upper earnings limit), (3B) (upper secondary threshold: under 21 age group) and (3C) (upper secondary threshold: apprentices)— i in sub-paragraph (a) for “£4,167” substitute “£4,189”; and ii in sub-paragraph (b) for “£50,000” substitute “£50,270”; b in paragraph (3) (primary threshold)— i in sub-paragraph (a) for “£792” substitute “£797”; and ii in sub-paragraph (b) for “£9,500” substitute “£9,568”; c in paragraph (3A) (secondary threshold)— i in sub-paragraph (a) for “£732” substitute “£737”; and ii in sub-paragraph (b) for “£8,788” substitute “£8,840”. PART 3 National Insurance Funds Prescribed percentage of estimated benefit expenditure – Great Britain 7 Section 2(2) of the Social Security Act 1993 (payments into National Insurance Fund out of money provided by Parliament) has effect with respect to the tax year 2021-22 and the prescribed percentage of estimated benefit expenditure for the financial year ending with 31st March in that tax year shall be 17 per cent. Prescribed percentage of estimated benefit expenditure – Northern Ireland 8 Article 4(3) of the Social Security (Northern Ireland) Order 1993 (payments into Northern Ireland National Insurance Fund out of appropriated money) has effect with respect to the tax year 2021-22 and the prescribed percentage of estimated benefit expenditure for the financial year ending with 31st March in that tax year shall be 17 per cent. David Rutley Maggie Throup Two of the Lords Commissioners of Her Majesty’s Treasury 15th February 2021