1.—(1) This Schedule contains provisions about payments which are to be disregarded in the calculation of earnings for the purposes of earnings-related contributions.U.K.
(2) Part II contains provisions about the treatment of payments in kind.
(3) Part III and IV specifies payments by way of assets which are not to be disregarded by virtue of paragraph 1 of Part II.
(4) Part V specifies non-cash vouchers which are to be disregarded by virtue of paragraph 1 of Part II.
(5) In computing earnings there are also to be disregarded—
(a)the pensions and pension contributions specified in Part VI;
(b)the payments in respect of training and similar courses specified in Part VII;
(c)the travelling, relocation and overseas expenses specified in Part VIII;
(d)the [F1incentives by way of securities] specified in Part IX; and
(e)the miscellaneous payments specified in Part X.
Textual Amendments
F1Words in Sch. 3 para. 1(5)(d) substituted (1.9.2003) by The Social Security (Contributions) (Amendment No. 5) Regulations 2003 (S.I. 2003/2085), regs. 1, 9
2.—(1) In this Schedule, unless the context otherwise requires—
(a)a reference to a numbered Part is a reference to the Part of this Schedule which bears that number;
(b)a reference in a Part, to a numbered paragraph is a reference to the paragraph of that Part which bears that number; and.
(c)a reference in a paragraph to a lettered or numbered sub-paragraph is a reference to the sub-paragraph of that paragraph which bears that letter or number.