The Social Security (Earnings Factor) Amendment Regulations 2003

• Citation: S.I. 2003/608
• Sections: 3

Section 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the Social Security (Earnings Factor) Amendment Regulations 2003 and shall come into force on 6 th April 2003.

(2) In these Regulations, “the Earnings Factor Regulations ” means the Social Security (Earnings Factor) Regulations 1979 .

Section 2 Amendment of the Earnings Factor Regulations

In paragraph 1(1) of Schedule 1 to the Earnings Factor Regulations (rules for the ascertainment of earnings factors)—

(a) for the definitions of “Class 1 contributions” and “contracted-out contributions”, there shall be substituted the following definitions—

“Class 1 contributions” means primary Class 1 contributions paid or treated as paid on so much of a person’s earnings as do not exceed the current upper earnings limit or the prescribed equivalent if he is paid otherwise than weekly;

“contracted-out contributions” means primary Class 1 contributions paid or treated as paid on so much of a person’s earnings in respect of any contracted-out employment as exceed the current lower earnings limit but do not exceed the current upper earnings limit or the prescribed equivalents if he is paid otherwise than weekly;

(b) in the definition of “the standard level”, after the words “lower earnings limit for” there shall be inserted the word “primary”.

Section 3 Saving

For the purpose of ascertaining a person’s earnings factors in respect of the year commencing on 6 th April 2002 and any preceding year, the Earnings Factor Regulations shall have effect as if regulation 2 above had not been made.