annual earnings thresholdmeans the earnings threshold applicable to an earnings period of a year specified in regulation 7(c)(iii) of these Regulations. 4 The amounts determined in accordance with— a paragraph (2)(b) and (c);
contracted-out ratemeans, in relation to Class 1 contributions payable in respect of earnings paid to or for the benefit of an earner who is in— (a) COSRS employment, the reduced amount for the time being applying in accordance with section 41(1) to (1B) of the Pension Schemes Act 1993;
non-contracted-out ratemeans, in relation to Class 1 contributions payable in respect of earnings paid to or for the benefit of an earner in non-contracted-out employment, the primary percentage for the time being specified in section 8(2) of the Social Security Contributions and Benefits Act 1992;”
normal ratemeans the amount of a Class 1 contribution which would be payable in respect of earnings paid to or for the benefit of an employed earner in any week if the employment were not contracted-out employment;”
relevant benefitshas the meaning assigned to it in section 612 of the Income and Corporation Taxes Act 1988;
retirement benefits schemehas the meaning assigned to it in section 611 of the Income and Corporation Taxes Act 1988;”
secondary contributormeans the person who, in respect of earnings from employed earner’s employment, is liable to pay a secondary Class 1 contribution under section 6(3) of the Social Security Contributions and Benefits Act 1992;”
small self-administered schemehas the meaning assigned to it in regulation 2(1) of the Retirement Benefits Schemes (Restriction on Discretion to Approve) (Small Self-administered Schemes) Regulations 1991.”
the principal Regulationsmeans the Social Security (Contributions) Regulations 1979.