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Employment contributions (new rates of contributions and amendment to earnings ceiling).
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5.—(1) Section 10 of the Principal Act is amended by—
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(a) the substitution in subsection (1)(c) of “€38,740” for “£28,250” (inserted by section 8(2)(b) of the Act of 2001),
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(b) the substitution in subsection (1)(d) (as amended by section 8(2)(c) of the Act of 2001) of “10.05 per cent.” for “11.3 per cent.”, and
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(c) the substitution in subsection (7) (as amended by section 8(1)(f) of the Act of 2000) of “10.05 per cent.” for “11.3 per cent.”.
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(2) This section comes into operation—
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(a) in so far as it relates to subsection (1)(a), on 1 January 2002, and
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(b) in so far as it relates to subsection (1)(b) and (1)(c), on 1 March 2002.
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