54 Amount of premiums payable under s. 51.N.I.
F1(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)The amount of a contributions equivalent premium shall be the difference between—
(a)the amount of the Class 1 contributions payable in respect of the earner’s employment in employment which was contracted-out by reference to the scheme, and
(b)the amount of those contributions which would have been payable if the employment had not been contracted-out.
F1(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7)Section 52(4) applies for the purposes of subsection (4) as it applies for the purposes of section 51(2).
Textual Amendments
F1S. 54(1)-(3)(5)(6) repealed (6.4.1997) by S.I. 1995/3213 (N.I. 22), arts. 147, 168, Sch. 3 para. 44, Sch. 5 Pt. III; S.R. 1997/192, art. 2(b)
Modifications etc. (not altering text)
C1S. 54 modified (28.3.1997) by S.R. 1997/192, art. 4(2) (with art. 9)