Amendment of regulation 9 of the principal Regulations6

1

Regulation 9 of the principal Regulations (calculation of earnings-related contributions)21 shall be amended in accordance with the following provisions of this regulation.

2

For paragraph (1), substitute—

1

Subject to the provisions of paragraphs (3) and (4) of this regulation, earnings-related contributions shall be calculated in accordance with the following provisions of this paragraph—

a

primary and secondary Class 1 contributions under section 6 of the Social Security Contributions and Benefits Act 1992 (liability for Class 1 contributions) and any primary and secondary Class 1 contributions at the normal rate and at the contracted-out rate shall each be calculated separately; and

b

as regards the calculation referred to in sub-paragraph (a) of this paragraph—

i

primary and secondary Class 1 contributions shall be calculated to the nearest £0.01 and any amount of £0.005 or less shall be disregarded,

ii

earnings which in the relevant earnings period exceed the current lower earnings limit by £0.01, but not by more than £0.10, shall be treated as having exceeded that limit by £0.10.

3

In paragraph (5) for “under paragraph 1(1) of Schedule 1 to the Act,”, substitute “under paragraph 1(1) of Schedule 1 to the Social Security Contributions and Benefits Act 1992 (Class 1 contributions where earner employed in more than one employment),”.