Schedule 2 CALCULATION OF EARNINGS FOR THE PURPOSES OF EARNINGS-RELATED CONTRIBUTIONS IN PARTICULAR CASES
United Kingdom
- 1Calculation of earnings
- 2Calculation of earnings in respect of beneficial interest in assets within Part IV of Schedule 3
- 3Valuation of beneficial interest in units in a unit trust scheme
- Paragraph
- 4Conferment of a beneficial interest in an option to acquire asset falling within Part IV of Schedule 3
- Paragraph
- 5Readily convertible assets
- 6Assets not readily convertible: beneficial interests in alcoholic liquor on which duty has not been paid, gemstones and certain vouchers and non-cash vouchers
- Paragraph
- 7Convertible and restricted interests in securities and convertible and restricted securities
- 8Convertible interest in shares
- Paragraph
- 9Assignment or release of right to acquire shares where neither right nor shares readily convertible
- 10Assignment or release of a right, acquired as director or employee before 6th April 1999, to acquire shares where neither right nor shares readily convertible
- 11Exercise of a replacement right to acquire shares, obtained as an earner before 6th April 1999
- 11AExercise, assignment or release of share option — market value of option or resulting shares increased by things done otherwise than for genuine commercial purposes
- 12Interpretation of paragraphs 9, 10 and 11
- Paragraph
- 13Apportionment of a payment to a retirement benefits scheme for the benefit of two or more people
- 14Valuation of non-cash vouchers
- 14AValuation of non-cash vouchers provided under optional remuneration arrangements
- 15Apportionment of earnings comprised in a cash or non-cash voucher provided for benefit of two or more employed earners
Notes on the whole SI
Textual amendments
- F1
See sections 3(2) and (5), 4(5) and (6), 116, 117, 118, 119 and 120 of the Social Security Contributions and Benefits Act 1992 (c. 4) (“the Act”) as amended respectively by paragraphs 3, 4, 22, 23, 24, 25 and 26 of Schedule 3 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2) (“the Transfer Act”). The functions of the Department of Health and Social Services for Northern Ireland under the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7) and the Social Security Administration (Northern Ireland) Act 1992 (c. 8) were transferred to the Department for Social Development by Article 8(b) of and Part II of Schedule 6 to the Departments (Transfer and Assignment of Functions) Order (Northern Ireland) 1999 (S.R. 1999 No. 481).
- F2
See section 176(2)(b) of the Act.