Regulation 2 Amendment of the Social Security (Contributions) Regulations 2001

In Part 10 of Schedule 3 to the Social Security (Contributions) Regulations 2001 (payments to be disregarded in the calculation of earnings for the purposes of earnings-related contributions)^f1, after paragraph 30 insert—

“Horizon Convictions Redress Scheme compensation payments and Horizon Shortfall Scheme Fixed Sum Awards

31

(1)

A payment of compensation made by the Department for Business and Trade to a person under the scheme announced by His Majesty’s Government on 13th March 2024 to compensate people who have a conviction involving the Horizon system quashed by legislation.

(2)

A payment of compensation made by Post Office Limited to a person eligible for compensation under the Horizon Shortfall Scheme or a nominated individual for the purpose of ensuring that person receives a total of £75,000 in compensation.

(3)

A payment that is a relevant onward payment of the payment defined in paragraph (2).

(4)

In this paragraph—

• “Horizon Shortfall Scheme” has the same meaning as in paragraph 27(2);

• “the Horizon system” has the same meaning as in paragraph 26(3);

• “nominated individual” means any person who was a shareholder or a director of a company or a partner in a partnership which ceased to exist and that would have been eligible for compensation under the Horizon Shortfall Scheme;

• “Post Office Limited” has the same meaning as in paragraph 26(3);

• “relevant onward payment” has the same meaning as in paragraph 28(5).”.