keep The Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 2003
This Order adjusts National Insurance contribution parameters for tax year 2003-04: raising the Class 2 contribution threshold from £4,025 to £4,095, increasing the Class 3 voluntary contribution rate from £6.85 to £6.95, and setting the prescribed percentage for National Insurance Fund payments at 2%.
This is a routine annual re-rating of contribution thresholds and rates, not a regulatory burden or EU gold-plating. The adjustments reflect inflation and maintain the actuarial balance of the National Insurance system. Deleting it would create administrative chaos and uncertainty in the social security system. While the organization generally seeks to reduce fiscal burdens, this Order represents legitimate administrative housekeeping rather than burdensome regulation.