# The Social Security (Contributions) (Special Annual Maximum) Regulations 1978, Note: Explanatory note


The Regulations prescribe a special annual maximum of primary Class 1 contributions payable at the rate of 6.5 per cent in the year ending 5th April 1979 in respect of employment which is not contracted-out employment by earners who reach pensionable age (65 for men; 60 for women) in that year. The Regulations also make provision for the repayment of amounts paid in excess of the special maximum; and for disregarding such repayment for the purposes of the annual maximum of Class 4 and special Class 4 contributions.

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Source: https://www.legislation.gov.uk/uksi/1978/410/note (the official version)
Page: https://openlegislation.uk/social-security-contributions-special-annual-maximum-regulations-1978/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.