Prospective

PART VI N.I. Income and capital

SECTION 2 N.I. Income

Calculation of weekly income N.I.

30.—(1) For the purposes of regulations 26 and 29, where the period in respect of which a payment is made—

(a) does not exceed a week, the weekly amount shall be the amount of that payment;

(b) exceeds a week, the weekly amount shall be determined—

(i) in a case where that period is a month, by multiplying the amount of the payment by 12 and dividing the product by 52;

(ii) in any other case, by dividing the amount of the payment by the number equal to the number of days in the period to which it relates and multiplying the quotient by 7.

(2) For the purposes of regulation 27 the weekly amount of earnings of a claimant shall be determined by dividing his earnings over the assessment period by the number equal to the number of days in that period and multiplying the quotient by 7.

Commencement Information

I1 Reg. 30 in operation at 20.11.2006, see reg. 1(1)