Amendments to the Social Security (Contributions) Regulations 2001
This section has no associated Explanatory Memorandum
3. In regulation 1(2) (interpretation) after the definition of “readily convertible asset” insert—
““relevant employment income” has the meaning given in paragraph 3B(1A) of Schedule 1 to the Act(1);”.
(1)
Paragraph 3B(1A) of Schedule 1 to the Benefits Act was inserted by section 3(3)(b) of the National Insurance Contributions and Statutory Payments Act 2004.