The Social Security (Earnings Factor) Amendment Regulations 1987

• Citation: S.I. 1987/316
• Sections: 2

Section 1 Citation and commencement

These regulations may be cited as the Social Security (Earnings Factor) Amendment Regulations 1987 and shall come into force on 29th March 1987.

Section 2 Earnings Factors for the tax year 1986—87

For the tax year commencing 6th April 1986, paragraph 2 of Schedule 1 to the Social Security (Earnings Factor) Regulations 1979 shall have effect as if for sub-paragraphs (e) and (f) there were substituted the following sub-paragraphs—

(e) F is—

(i) in relation to any Class 1 contributions paid at a rate specified in section 4(6)—(6B) of the Act—

(aa) 1.8 where P − Q is less than £156;

(bb) where P − Q is not less than £156 but not greater than £1,290.91;

(cc) 1, where P − Q is greater than £1,290.91;

(ii) in relation to any Class 1 contributions paid at a rate so specified as modified by regulations under section 128 of the Act—

(aa) 1.976, where P is less than £127.90;

(bb) , where P is not less than £127.90 but not greater than £1,161.82;

(cc) 1, where P is greater than £1,161.82;

(iii) in relation to any Class 1 contributions paid at a rate so specified as modified by regulations under section 129 of the Act—

(aa) 1.842, where P is less than £148.18;

(bb) , where P is not less than £148.18 but not greater than £1,255.05;

(cc) 1, where P is greater than £1,255.05;

(iv) in relation to such part of any Class 1 contributions as is paid at the normal percentage in accordance with section 27(1)(a) of the Pensions Act in a year in which no payment is made of contributions to which head (i) above applies—

(aa) 1.8, where P − Q is less than £98.80;

(bb) , where P − Q is not less than £98.80 but not greater than £177.84;

(cc) 1, where P − Q is greater than £177.84;

(v) in relation to such part of any Class 1 contributions as is paid at the normal percentage in accordance with section 27(1)(a) of the Pensions Act in a year in which there are also paid contributions to which head (i) applies—

(aa) 1.8, where P − Q is less than £156;

(bb) where P − Q is not less than £156 but not greater than £1,290.91;

(cc) 1, where P − Q is greater than £1,290.91;

(vi) in relation to such part of any Class 1 contributions as is paid at the normal percentage in accordance with section 27(1)(a) of the Pensions Act as modified by regulations under section 128 of the Act—

(aa) 1.976, where P − Q is less than £81.02;

(bb) , where P − Q is not less than £81.02 but not greater than £160.06;

(cc) 1, where P − Q is greater than £160.06;

(vii) in relation to such part of any Class 1 contributions as is paid at the normal percentage in accordance with section 27(1)(a) of the Pensions Act as modified by regulations under section 129 of the Act—

(aa) 1.842, where P − Q is less than £93.86;

(bb) , where P − Q is not less than £93.86 but not greater than £172.90;

(cc) 1, where P − Q is greater than £172.90;

(f) G is—

(i) in relation to any Class 1 contributions paid at the highest of the rates specified in section 4(6)—(6B) of the Act or to any contracted-out contributions ascertained by reference to section 27(2)(a) of the Pensions Act—

(aa) 2.4, where Q is less than £48.48;

(bb) , where Q lies between £48.48 and £847.06;

(cc) 1, where Q is greater than £847.06;

(ii) in relation to any contracted-out contributions ascertained by reference to section 27(2)(a) of the Pensions Act, as modified by regulations under section 128 of the Act—

(aa) 3.05, where Q is less than £33.05;

(bb) , where Q lies between £33.05 and £724.49;

(cc) 1, where Q is greater than £724.49;

(iii) in relation to any contracted-out contributions ascertained by reference to section 27(2)(a) of the Pensions Act, as modified by regulations under section 129 of the Act—

(aa) 2.54, where Q is less than £44.20;

(bb) , where Q lies between £44.20 and £808.99;

(cc) 1, where Q is greater than £808.99;

and the amount resulting shall be rounded to the nearest whole penny.