Regulation 18 Calculation of income

For the purposes of this regulation, “national insurance contributions” means contributions under Part 1 of the Social Security Contributions and Benefits Act 1992^f1.

In calculating the disposable income of the person concerned, any income tax and national insurance contributions paid or, in the case of an assessment under regulation 5(6), payable on that income in respect of the period of calculation shall be deducted.

For the purposes of regulation 5(6), income tax and national insurance contributions payable shall be calculated in accordance with the statutory provisions in force for the fiscal year in which the application or reassessment is made.