2. In Part 7 of Schedule 3 to the Social Security (Contributions) Regulations 2001(1), (payments in respect of training and similar courses disregarded in the computation of employed earner’s earnings), for “£15,000” in paragraph 12(6) substitute “£15,480”.
S.I. 2001/1004; paragraph 12 was inserted by regulation 4 of S.I. 2005/728. Sub-paragraph (9) of paragraph 12 defines “academic year” as meaning 1st September to 31 August. There are other amending instruments but none is relevant.