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Paragraph 4

Original text. Later amendments are not shown.

Where Class 1 contributions have been paid or treated as paid inrespect of the year commencing on 6th April 1987, or any subsequentyear, upon a person’s earnings paid in that year and, but for thisparagraph, the ascertainment of any earnings factor of his in respect ofsuch year by the application of paragraphs 2 or 3 above would have theeffect that—

(a)

his earnings factor derived from those earnings, or

(b)

the aggregate of his earnings factors derived from those earnings,and any earnings credited in respect of the same year, together with anyderived from Class 2 or Class 3 contributions paid or credited in thatyear

  • would fall short of—

    1. (i)

      the qualifying earnings factor, by an amount not exceeding £50, or

    2. (ii)

      the standard level, by an amount not exceeding £50, or

    3. (iii)

      one-half of the standard level, by an amount not exceeding £25,

  • the amount of that earnings factor as so ascertained shall, for thepurpose of section 13(2)(a) of the Act, be increased by the amount ofthe shortfall, and the amount resulting shall be rounded up to thenearest whole pound.