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 32 insert—

“Post Office Capture Redress Scheme payments

33

(1)

A payment of compensation made by the Department for Business and Trade to a person under the Post Office Capture Redress Scheme or to a nominated individual.

(2)

A relevant onward payment of a payment defined in paragraph (1).

(3)

In this paragraph—

• “the Capture system” means any version of the computer system used by Post Office Limited known as Capture or the Capture Accounting System;

• “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 Post Office Capture Redress Scheme;

• “Post Office Capture Redress Scheme” means the scheme announced by His Majesty’s Government on 19th June 2025 to compensate people adversely affected by the Capture system;

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

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