The Social Security (Contributions) (Amendment No. 4) Regulations 2002

Amendment of the Social Security (Contributions) Regulations 2001

4.   In Part 10 of Schedule 3—

(a) in paragraph 1(1) for “15” substitute “16”;

(b) at the end add—

“Student loans

16.— (1) A payment made in accordance with Regulations made under section 186 of the Education Act 2002(1) in respect of the repayment, reduction or extinguishing of the amounts payable in respect of a loan.

(2) A payment for the purpose of discharging any liability of the earner to income tax for any tax year where the income tax in question is tax chargeable in respect of—

(a) the payment referred to in paragraph (1), or

(b) the payment made for the purpose of discharging the income tax liability itself.”.

(1)

2002 c. 32. The Education (Teacher Student Loans) (Repayment etc.) Regulations 2002 (S.I. 2002/2086) made under section 186 of that Act make provision for the repayment or reduction of the amounts payable in respect of certain loans.