Regulation 2 Amendment of the principal Regulations

In paragraph 1(1) of Schedule 1^f1 to the principal Regulations (rules for the ascertainment of earnings factors) for the definition of “Class 1 contributions” there shall be substituted the following definition –

• ““Class 1 contributions” means primary Class 1 contributions paid or treated as paid on so much of a person’s earnings as does not exceed the current upper earnings limit (or the prescribed equivalent^f2);”.