# The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001, Article 192: Payments to be disregarded in the calculation of earnings for the purposes of earnings-related contributions

Extent: E+W+S+N.I.

(1) Amend Schedule 3 (payments to be disregarded in the calculation of earnings for the purposes of earnings-related contributions) as follows.
(2) In paragraph 2 of Part II—
(a) in sub-paragraph (1)(a) for sub-paragraph (ii) substitute—
“(ii) any contract of long-term insurance which falls within paragraph I, III or VI of Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;”.
(b) in sub-paragraph (3) for the words from “provisions” to the end substitute
“contract—
(a) falls within Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 and Part I of that Schedule; or
(b) is treated for the purposes of that Order as falling within Part II of that Schedule by Article 3(3) of that Order,
that contract shall be treated as a contract of long-term insurance.”.
(3) In paragraph 5 of Part IV—
(a) in sub-paragraph (a) for “75(1) of the Financial Services Act 1986” substitute “235 of the Financial Services and Markets Act 2000”;
(b) for sub-paragraph (b) substitute—
“(b) “an open-ended investment company” has the meaning given in section 236 of the Financial Services and Markets Act 2000.”.

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Source: https://www.legislation.gov.uk/uksi/2001/3629/article/192 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-192
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.