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The Social Security (Contributions) (Amendment No. 4) Regulations 2024

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Amendment of the Social Security (Contributions) Regulations 2001

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2.  In Part 10 of Schedule 3 to the Social Security (Contributions) Regulations 2001 (payments to be disregarded in the calculation of earnings for the purposes of earnings-related contributions)(1), after paragraph 30 insert—

“Horizon Convictions Redress Scheme compensation payments and Horizon Shortfall Scheme Fixed Sum Awards

31.—(1) A payment of compensation made by the Department for Business and Trade to a person under the scheme announced by His Majesty’s Government on 13th March 2024 to compensate people who have a conviction involving the Horizon system quashed by legislation.

(2) A payment of compensation made by Post Office Limited to a person eligible for compensation under the Horizon Shortfall Scheme or a nominated individual for the purpose of ensuring that person receives a total of £75,000 in compensation.

(3) A payment that is a relevant onward payment of the payment defined in paragraph (2).

(4) In this paragraph—

“Horizon Shortfall Scheme” has the same meaning as in paragraph 27(2);

“the Horizon system” has the same meaning as in paragraph 26(3);

“nominated individual” means any person who was a shareholder or a director of a company or a partner in a partnership which ceased to exist and that would have been eligible for compensation under the Horizon Shortfall Scheme;

“Post Office Limited” has the same meaning as in paragraph 26(3);

“relevant onward payment” has the same meaning as in paragraph 28(5).”.

(1)

S.I. 2001/1004, relevant amending instruments are S.I. 2023/186, 2023/773, 2024/187 and 2024/289.

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