5.—(1) Where a person has made an election under paragraph 2(2) or (4) or paragraph 3, the period during which, subject to paragraph 13(7) to (10), the family benefit contributions are to be paid (“the payment period”) is to be ascertained from, or where the period in respect of which the election was made is not an exact number of years by extrapolation from, Table 2 below.
| Age on date from which contributions are payable | Period in years for which contributions are to be paid in respect of each year of election period | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Rate of contributions | |||||||||
| 1% | 2% | 3% | 4% | 4% | 6% | 7% | 8% | 9% | |
| 32 or under | 3.15 | 1.58 | 1.05 | .79 | .63 | .525 | .45 | .395 | .35 |
| 33–37 | 3.20 | 1.60 | 1.07 | .80 | .64 | .535 | .46 | .40 | .355 |
| 38–42 | 3.30 | 1.65 | 1.10 | .82 | .66 | .55 | .47 | .41 | .365 |
| 43–47 | 3.35 | 1.68 | 1.12 | .84 | .67 | .56 | .48 | .42 | .37 |
| 48 and over | 3.40 | 1.70 | 1.13 | .85 | .68 | .565 | .485 | .425 | .375 |
(2) Where a man has made an election under paragraph 2(1), the payment period is, subject to paragraph 13(7) to (10), 5/6ths of the period ascertained in accordance with sub-paragraph (1).