Examples of Contributions and Benefits Act in a sentence
The following rules apply for the purposes of the enactments relating to social security, that is, the following Acts and the instruments made, or having effect as if made, under them: the Social Security Contributions and Benefits Act 1992, the Social Security Administration Act 1992 and the Pension Schemes Act 1993.
Rule 2 Calculate a claimant’s net earnings by taking into account the claimant’s gross earnings from that employment, less— (a) any amount deducted from those earnings by way of income tax; (b) any amount deducted from those earnings by way of primary Class 1 contributions under the Contributions and Benefits Act; and (c) one‐half of any sum paid by the claimant in respect of a pay period by way of a contribution towards an occupational or personal pension scheme.
If the weekly amount of those earnings equals or exceeds the primary threshold, deduct an amount representing primary Class 1 contributions under the Contributions and Benefits Act on those earnings.
For administration purposes though, section 16 Social Security (Contributions and Benefits) Act 1992 (SSCBA) applies most of the provisions of TMA to Class 4 NICs. This has the result that Class 4 NICs are a matter which is very closely tied up with the self-assessment system for income tax, so that, for example, the information parts of a tax return5 and the self- assessment/tax calculation parts6 include Class 4.
The amount in respect of primary Class 1 contributions is the amount of contributions under the Contributions and Benefits Act, calculated by applying to the amount which exceeds the primary threshold the primary percentages applicable at the date of the claim in accordance with section 8(1)(a) and (b) of that Act.
The amount in respect of Class 2 contributions is calculated by multiplying the weekly rate of such contributions applicable at the date of claim by virtue of section 11(1) or (3) of the Contributions and Benefits Act by the number of days in the assessment period and dividing the product by 7, except if the amount of earnings the claimant is treated as possessing are less than the amount specified in section 11(4) of that Act (small earnings exception) for the tax year in which the date of claim falls.
For the purposes of Part 7 of the Contributions and Benefits Act as it applies to employed person’s allowance, treat a person as engaged and normally engaged in remunerative work if the person satisfies all of the conditions in paragraph (2) or (3), but not if any of the circumstances mentioned in paragraph (4) apply to the person.
Section 175(3) to (5) of the Social Security Contributions and Benefits Act 1992 (supplemental powers in relation to regulations) applies to regulations made by the Secretary of State or the Treasury under subsection (3) as it applies to regulations made under that Act.
Except in the circumstances mentioned in paragraph (2), on each claim a declaration by a claimant that he or she has a physical or mental disability which puts him or her at a disadvantage in getting a job is conclusive that, for the purposes of section 128(3)(d)(ii) of the Contributions and Benefits Act, the claimant has such a disability (in accordance with regulations under section 128(10) of that Act).
Section 207 of that Act (meaning of “tax arrangements” and “abusive”) has effect as if, in subsection (4)(a), after “income,” there were inserted “earnings (within the meaning of Part 1 of the Social Security Contributions and Benefits Act 1992 or Part 1 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992),”.