SCHEDULE PART I OF SCHEDULE 1 (RULES FOR THE ASCERTAINMENT OF EARNINGSFACTORS) TO THE SOCIAL SECURITY (EARNINGS FACTOR) REGULATIONS 1979 ASSUBSTITUTED BY THESE REGULATIONS
PART ICLASS 1 CONTRIBUTIONS
2
1
Subject to sub-paragraph (2) below, a person’s earnings factorderived in respect of the year commencing on 6th April 1987, or anysubsequent year, from—
a
those of his earnings paid in that year upon which Class 1contributions have been paid or treated as paid in respect of that year,and
b
earnings with which he has been credited in respect of that year,
shall be equal to the amount of those actual and credited earnings.
2
Any earnings factor ascertained under sub-paragraph (1) above shallbe rounded down to the nearest whole pound.