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These Regulations amend the Social Security (Contributions) Regulations 2001 (S.I. 2001/1004).
Regulation 2 inserts a new regulation 65D. This provides that voluntary Class 2 and 3 contributions for the tax year 2006-07 which are paid late shall be computed by reference to the weekly rate which would have applied if the contribution had been paid during that tax year rather than what will usually be a higher weekly rate in the tax year they are actually paid. The regulation applies to contributors who have been precluded from regular employment by responsibilities at home in any year. These persons will be entitled to “home responsibilities protection”. Further conditions are that the contributors reach pensionable age on or after 6th April 2010 and the contributions are paid no later than 5th April 2013.
A full impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
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