Regulation 5 Amendment of regulation 7 of the principal Regulations

in paragraph (1) for the words“a Class 1 credit”there shall be substituted the words“be credited with earnings equal to the lower earnings limit then in force,”;

in paragraph (2)(a) for the words from“derived from”to the words“in the aggregate”there shall be substituted the words

“derived from Class 2 contributions paid or credited, and either—

(i)

Class 1 contributions paid or credited, if that year was before 6th April 1987, or

(ii)

earnings upon which primary Class 1 contributions have been paid or treated as paid, or earnings which have been credited under these Regulations, if that year was after 5th April 1987,

amounted in the aggregate”.