Amendment of the Social Security (Categorisation of Earners) Regulations 19785
1
Part 3 of Schedule 1 (employment to be disregarded subject to the exceptions in column (B)) to the Social Security (Categorisation of Earners) Regulations 19789 is amended as follows.
2
In column (A), at the end10, insert—
14
Employment by the International Finance Corporation11 (“IFC”) of a person who is—
a
exempt from tax by virtue of article 3 of, and section 9 of article 6 of the Agreement establishing the IFC as set out in the Schedule to, the International Finance Corporation Order 195512, and
b
a member of a scheme established by or on behalf of the IFC which provides for a pension or any other benefit on cessation of the employment.
15
Employment by the Asian Infrastructure Investment Bank13 (“AIIB”) of a person who is—
a
exempt from tax by virtue of regulation 18(2) of the Asian Infrastructure Investment Bank (Immunities and Privileges) Order 201514, and
b
a member of a scheme established by or on behalf of the AIIB which provides for a pension or any other benefit on cessation of the employment.
3
In column (B), at the end, insert—
14
None.
15
None.