Social Security Act (Cap. 318), article 14

14. A person who is liable to pay a Class One contribution under articles 7, 8 and 9 and who is also self-occupied, may, a t his request and with the approval of the Director, pay a Class Two contribution instead of a Class One contribution; thereafter su ch person may not revert to a Class One contributor unless and unt il he ceases to be self-occupied and in forms the Director of such cha nge: Provided that the Director shall not give his approval unless the applicable rate of Class Two contributions as payable by th e self- occupied person himself ex ceeds 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. SOCIAL SECURITY [CAP. 318. 21 Contributions by certain categories of persons. Amended by: XIII. 1991.4; VIII. 1992.4; XXI. 1996.9’ II. 1999.6; II. 2004.18; XXXII. 2007.44; XII. 2014.34; IX.2025.21.