# Social Security Contributions and Benefits Act 1992, Paragraph 5

Extent: E+W+S

The earnings-related amount for the year is calculated as follows—
(a) take the part of the earnings factor for the year which exceeds the LET ...;
(b) multiply that amount in accordance with the last order under section 148 of the Administration Act to come into force before the end of the final relevant year;
(c) multiply the amount found under paragraph (b) by 10%;
(d) divide the amount found under paragraph (c) by 44.

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Source: https://www.legislation.gov.uk/ukpga/1992/4/schedule/4B/paragraph/5 (the official version)
Page: https://openlegislation.uk/social-security-contributions-and-benefits-act-1992/schedule-4B/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.