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Regulation 3 Transitional provision relating to earnings factors

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

This regulation applies where, under paragraph 8(3) of Part II of Schedule 3 to the Social Security Act 1975 (satisfaction of contribution conditions in early years of contribution), a person's contributions paid at the contracted-out percentage are treated as having been paid in respect of any tax year which is not later than that ending with 5th April 1978.

(2)

For the purpose of deriving earnings factors for any such tax year the amount of those contributions shall be increased to what it would have been if they had been paid at the normal percentage.