SCHEDULES

SCHEDULE 4Amendments and Transitional Provisions

PART IMinor and Consequential Amendments

Social Security Act 1975 (c. 14)

8

In section 3 of the principal Act (meaning of " earnings ") there is inserted, at the end, the following subsection—

4

For the purposes of this section, regulations may make provision for treating as remuneration derived from an employed earner's employment any payment made by a body corporate to or for the benefit of any of its directors where that payment would, when made, not be earnings for the purposes of this Act.