Amount of Class 3 contributions payable in respect of the year 1985/86
3.—(1) Subject to section 8(2C) of the Act(1) the amount of a Class 3 contribution payable in respect of the year commencing 6th April 1985 shall be—
(a)in respect of the first 26 contribution weeks of that year £4.65;
(b)in respect of the last 26 contribution weeks of that year £3.40.
(2) Where contributions paid by or credited to a person in respect of the year commencing 6th April 1985 are insufficient to enable him to satisfy the contribution conditions of entitlement to benefit by acquiring the requisite earnings factor for that year, then, subject to regulations 27 and 28 of the principal regulations, he may not pay more than 26 Class 3 contributions at the amount of £3.40 and, where he has paid or there are payable Class 2 contributions at the rate of £3.50 (being the rate coming into force on 6th October 1985) he may only pay a number of such Class 3 contributions which, when added to the number of such Class 2 contributions, does not exceed 26.
(3) For the purposes of Class 3 contributions in respect of the year commencing 6th April 1985, the contribution week commencing 31st March 1985 shall be treated as falling wholly in the year commencing 6th April 1984.
1975 c. 14; section 8(2C) was inserted by section 18(3) of the Health and Social Security Act 1984 (c.48).