Prescribed amount of earningsE+W+S
This section has no associated Explanatory Memorandum
48. The prescribed amount of earnings for the purposes of section 2(1)(c) of the Act (the contribution-based conditions) is to be calculated by applying the formula—
where—
A is the age-related amount applicable to the claimant for the purposes of section 4(1)(a) of the Act M1; and
D is any amount disregarded from the claimant's earnings in accordance with the Schedule to these Regulations and either regulation 59(2) (calculation of net earnings of employed earners) or regulation 61(2) (calculation of net profit of self-employed earners).
Marginal Citations
M1Section 4(1)(a) was amended by Schedule 14 to the Welfare Reform Act 2012.