Modifications of section 2
This section has no associated Explanatory Memorandum
69.—(1) Section 2 of the Act (the contribution-based conditions) applies to share fishermen with the modifications set out in the following provisions of this regulation.
(2) After the words “Class 1 contributions” in each place where they appear there is to be inserted the words “or special Class 2 contributions”.
(3) In subsection (4) after the definition of “the relevant benefit year” there is to be inserted the following definition—
““special Class 2 contributions” means any Class 2 contributions paid by a share fisherman at the rate applicable to share fishermen in accordance with regulation 125(c) of the Social Security (Contributions) Regulations 2001(1).”.
(1)
Regulation 125(c) was amended by S.I. 2012/867.