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Mr. Rooker
asked the Secretary of State for Social Services what are the income limits for payments of national insurance contributions for 1979–80; and what would be the extra revenue if these limits were abolished.
Mrs. Chalker
The earnings and profits limits for national insurance contribution liability for 1979–80 are:
£ | |
Class 1 | |
weekly lower earnings limit | 19·50 |
weekly upper earnings limit | 135·00 |
£ | |
a year | |
Class 2 | |
(flat rate for the self-employed)—exception from liability may be granted where earnings from 6 April 1979 to 5 April 1980 are expected to be below | 1,050 |
Class 4 | |
(earnings·related for the self-employed)—payable on profits or gains between | 2,250 and 7,000 |