Class 4 contributions definition

Class 4 contributions means Class 4 contributions within the meaning of the Social Security Act 1975 (an Act of Parliament) and any such Act or any statutory provision amending or replacing that Act, as those Acts or provisions have effect in the Island;
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Class 4 contributions means Class 4 contributions within the meaning of the Social Security Contributions and Benefits Act 1992(4) or, in Northern Ireland, the Social Security Contributions and Benefits (Northern Ireland) Act 1992(5);
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Class 4 contributions means Class 4 contributions within the meaning of the M6Social Security Act 1975 or, as the case may be, the M7Social Security (Northern Ireland) Act 1975; and‌
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Examples of Class 4 contributions in a sentence

  • The final calculation for National Insurance contributions on income from self-employment then adds Class 2 and Class 4 contributions together (tscse_s).

  • Class 4 contributions are calculated as a percentage of the person’s earnings.

  • In addition, if the individual can show a current assessment of Class 4 contributions payable then those will be allowed in the financial determination provided there is parity in the level of income being included from that business.

  • Workers over state pension age, who are currently exempt from NICs, will beliable to the Levy - but not the temporary increase in NICs.From 6 April 2022, NICs rise by 1.25% for employees (Class 1 contributions), the self-employed (Class 4 contributions) and employers (Class 1, 1A and 1B secondary contributions).

  • Class 4 contributions are calculated as a percentage of the person’s profits.

  • In section 17 of the Social Security Contributions and Benefits Act 1992 (exceptions, deferment and incidental matters relating to Class 4 contributions), the following provisions are omitted–(a) in subsection (1), the words from “and may certify” to the end, and(b) in subsection (4), the words “the Secretary of State and”.

  • The equivalent of the employer contributions are the Class 4 contributions.

  • The fifth stage of the circuit is where degrees of confidence held by “investors” generate varying degrees of action by the arranger to continue such practices on an ongoing basis.

  • In section 18 of the Social Security Contributions and Benefits Act 1992 (Class 4 contributions recoverable under regulations), in subsection (2), for the words from the beginning to “so payable” there is substituted “In relation to Class 4 contributions payable by virtue of regulations under this section”.

  • Class 4 contributions are paid by those self-employed whose profits exceed a certain level; they are paid as a percentage of profits, up to a ceiling.


More Definitions of Class 4 contributions

Class 4 contributions means Class 4 contributions within the meaning ol the Social Security Contributions and Benelits Act
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Related to Class 4 contributions

  • Regular contributions means the amounts required to be

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Contribution Amounts the aggregate amount of capital contributions applied by the Borrower to permit the Incurrence of Contribution Indebtedness pursuant to Subsection 8.1(b)(xi).

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Employer Contributions means all amounts paid into ASRS by an

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Payments in lieu of contributions means the money payments to

  • Initial Capital Contributions has the meaning set forth in Section 3.01.

  • Member contributions means all amounts paid to ASRS by a member.

  • Capital Contributions means, with respect to any Member, the amount of money (US Dollars) and the initial Gross Asset Value of any assets or property (other than money) contributed by the Member (or such Member’s predecessor in interest) to the Company (net of liabilities secured by such contributed property that the Company is considered to assume or take subject to under Code Section 752) with respect to the Units in the Company held or purchased by such Member, including additional Capital Contributions.

  • Accumulated contributions means the sum of all

  • Unreturned Capital Contributions means, as to each Member, the aggregate Capital Contributions made to the Company by such Member minus the aggregate distributions of such Capital Contributions made to such Member from the Company pursuant to Sections 3.2(b) and 6.2(a)(ii) hereof.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.