F1PART 8National Insurance Credits

Annotations:
Amendments (Textual)
F1

Pt. 8 inserted (6.4.2016 coming into force in accordance with reg. 1) by The State Pension (Amendment) (No. 2) Regulations 2016 (S.I. 2016/240), regs. 1, 2

CHAPTER 3Crediting earnings or contributions in respect of a qualifying year or a post-commencement qualifying year

Credits for persons approaching pensionable age32

1

Subject to paragraph (4), a man born before 6th October 1953 is to be credited with earnings equal to the lower earnings limit then in force in respect of a week to which paragraph (2) applies.

2

This paragraph applies to a week which falls within—

a

the year in which the man attains the age which is pensionable age in the case of a woman born on the same day, and

b

a subsequent year prior to that in which he attains the age of 65.

3

Paragraph (2) does not apply to a week which falls within a year during which the man is absent from Great Britain for more than 182 days.

4

Paragraph (1) applies to a man who is a self-employed earner only if he—

a

would be liable to pay a Class 2 contribution but for the fact that his profits for the year are below the small profits threshold specified by section 11(4) of the 1992 Act, or

b

is excepted from liability to pay a Class 2 contribution by virtue of regulation 43 of the Social Security (Contributions) Regulations 2001 in respect of any week in a year to which this regulation applies.