[11 Class 2 contributions]
Social Security Contributions and Benefits Act 1992 (1992 c 4) | Legislation

Class 2 contributions

[11  Class 2 contributions]

[(1)     This section applies if an earner is in employment as a self-employed earner in a tax year (the “relevant tax year”).

(2)     . . .

(3)     “Relevant profits” means profits, from the employment, in respect of which Class 4 contributions are payable under section 15 for the relevant tax year (or would be payable if the amount of the profits were to exceed the amount specified in subsection (3)(a) of that section in excess of which the main Class 4 percentage is payable).

[(4)     For the purposes of this Act—

(a)     . . .

(b)     the “small profits threshold” is £6,725.]

(5)     . . .

[(5A)     Subsection (5B) applies to an earner who

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