Regulation 5 Amendment of the principal Regulations

For regulation 18 (calculation of earnings) substitute—

“Calculation of earnings for the purpose of earnings-related contributions

18

For the purpose of determining the amount of earnings-related contributions, the amount of a person’s earnings from employed earner’s employment shall be calculated on the basis of his gross earnings from the employment or employments in question.

This is subject to the provisions of Schedule 1ZB (calculation of earnings for the purposes of earnings-related contributions in particular cases) and Schedule 1ZC to these Regulations (payments to be disregarded in the calculation of earnings).”.