Paragraph 1 Introduction

(1)

This Schedule contains provisions about payments which are to be disregarded in the calculation of earnings for the purposes of earnings-related contributions.

(2)

Part II contains provisions about the treatment of payments in kind.

(3)

Part III and IV specifies payments by way of assets which are not to be disregarded by virtue of paragraph 1 of Part II.

(4)

Part V specifies non-cash vouchers which are to be disregarded by virtue of paragraph 1 of Part II.

(5)

In computing earnings there are also to be disregarded—

(a)

the pensions and pension contributions specified in Part VI;

(b)

the payments in respect of training and similar courses specified in Part VII;

(c)

the travelling, relocation and overseas expenses specified in Part VIII;

(d)

the F1incentives by way of securities specified in Part IX; and

(e)

the miscellaneous payments specified in Part X.

Annotations

Textual amendments

F1: Words in Sch. 3 para. 1(5)(d) substituted (1.9.2003) by The Social Security (Contributions) (Amendment No. 5) Regulations 2003 (S.I. 2003/2085), regs. 1, 9

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.