Social Security Act (Cap. 318), article 10

10. (1) Every self-employed or se lf-occupied person, unless otherwise exempted under the pr ovisions of this Act, shall pay a contribution in accordance with the provisions of this Act. (2) For every contribution payable by a self-employed or self- occupied person under this Act, another contribution shall be payable out of the Consolidated Fund. (3) The rates of contributions pay able under this Act by a self- employed or self-occupied perso n shall be those specified in Pa rt II and Part III respectively of the Tenth Schedule to this Act for the four months ending on the last day of April, August and Decembe r of each year: except where the se lf-employed person concerned had, up to the 3rd January, 1988, elected to pay a higher rate of SOCIAL SECURITY [CAP. 318. 19 contribution than that which would otherwise have been payable by him as aforesaid; sohowever tha t, such election shall, nonethel ess, cease to have effect from the 4th January, 1988. (4) The contribution payable out of the Consolidated Fund under this article shall be equivalent to 50% of the contributi on paid by the self-employed or s elf-occupied person concerned. Cap. 16. (5) When the Court is acting in accordance with its powers conferred to it by articl es 54(5) and 59 of the Civil Code , it may order or empower, as the case may be, that part of the contributions paid by a self-occupied person or a self-employed person be transferred t o the person indicated by the said Court, and such contributions are to be considered, for the purposes of this Act, as having been paid a s a self- occupied or a self-employed person by the person to whom they a re transferred. Payment of Class Two contributions. Amended by: XXI.1996.6; II.1999.5; III.2026.22.