1 Outline of contributory system
Social Security Contributions and Benefits Act 1992 (1992 c 4) | Legislation

Part I Contributions

Preliminary

1  Outline of contributory system

(1)     The funds required—

(a)     for paying such benefits under this Act [or any other Act] as are payable out of the National Insurance Fund and not out of other public money; and

(b)     for the making of payments under section 162 of the Administration Act towards the cost of the National Health Service,

shall be provided by means of contributions payable to the [Inland Revenue] by earners, employers and others, together with the additions under subsection (5) below [and amounts payable under section 2 of the Social Security Act 1993].

(2)     Contributions under this Part of this Act shall be of the following . . . classes—

(a)     Class 1, earnings-related, payable under section 6 below, being—

(i)     primary Class 1 contributions from employed earners; and

(ii)     secondary Class 1 contributions from employers and other persons paying earnings;

(b)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

The tort of deceit

The tort of deceitDeceit—what is it?A deceit occurs when a misrepresentation is made with the express intention of defrauding a party, subsequently causing loss to that party.The elements of a claim in deceit are:•a clear false representation of fact or law•fraud by the maker, in the sense that they

LEXISNEXIS

Sentencing fraud offences committed by individuals

Sentencing fraud offences committed by individualsThe Sentencing Council (SC) has produced sentencing guidelines for fraud offences under the Fraud Act 2006 (fraud by false representation, fraud by failing to disclose information and fraud by abuse of position), false accounting under section 17 of

LEXISNEXIS

The Standard Provisions of the Society of Trust and Estate Practitioners (STEP)

The Standard Provisions of the Society of Trust and Estate Practitioners (STEP)FORTHCOMING CHANGE: The Society of Trust and Estate Practitioners (STEP) is currently reviewing and revising the STEP Standard provisions and intends to release the 3rd edition later in 2021.Trustees' powersAs trusts can

LEXISNEXIS

A chargor (an individual) is granting a legal charge to a chargee (a company). Can an employee of the

There does not appear to be any evidence that an employee of the chargee cannot witness the chargor’s signature.Practice Note: Property deeds—use and execution of deeds in property transactions, provides guidance on who may witness the signature of a deed by an individual:‘There are certain