Amendment of the Social Security (Contributions) Regulations 2001
This section has no associated Explanatory Memorandum
40. In Schedule 3 (payments to be disregarded in the calculation of earnings for the purposes of earnings-related contributions)—
(a)in Part 5 (certain non-cash vouchers to be disregarded as payments in kind)—
(i)omit paragraph 6A; and
(ii)in paragraph 7A(4)(a) for “£22” substitute “£25”.
(b)in Part 6 (pensions and pensions contributions) after paragraph 10 insert—
“Armed forces early departure scheme payments
10A. A payment under a scheme established by the Armed Forces Early Departure Payments Scheme Order 2005 (S.I. 2005/437).”.