Cap. 318 · Social Security Act (Cap. 318)
Cap. 318 Art. 14Payment of a Class Two contribution in lieu of a Class One contribution.
PART II
A person who is liable to pay a Class One contribution under articles 7, 8 and 9 and who is also self-occupied, may, at his request and with the approval of the Director, pay a Class Two contribution instead of a Class One contribution; thereafter such person may not revert to a Class One contributor unless and until he ceases to be self-occupied and informs the Director of such change: Provided that the Director shall not give his approval unless the applicable rate of Class Two contributions as payable by the self- occupied person himself exceeds the aggregate applicable rate of Class One contribution payable by the employer and by the employed person; and he shall revoke such approval with effect from such date which he determines to be the date on which the said condition ceases to be satisfied.
Historique des modifications
- Amended by XXI.1996.8