Regulation 69 Modifications of section 2

Section 2 of the Act (the contribution-based conditions) applies to share fishermen with the modifications set out in the following provisions of this regulation.

After the words “Class 1 contributions” in each place where they appear there is to be inserted the words “or special Class 2 contributions”.

In subsection (4) after the definition of “the relevant benefit year” there is to be inserted the following definition—

• ““special Class 2 contributions” means any Class 2 contributions paid by a share fisherman at the rate applicable to share fishermen in accordance with regulation 125(c) of the Social Security (Contributions) Regulations 2001^f1.”.