6. The First Schedule to the principal Regulations is amended —| (a) | by deleting item 14 and substituting the following item:| “14. | For the relevant year beginning 1st January 2011, the contributions payable by a self-employed person are as follows: | Total amount of the self-employed person’s income |
| | Self-employed person who has not attained 35 years of age on 1st January of the relevant year |
| | Self-employed person who has attained 35 years of age but has not attained 45 years of age on 1st January of the relevant year |
| | Self-employed person who has attained 45 years of age on 1st January of the relevant year |
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| | | | | | | | | Exceeding $6,000 but not exceeding $12,000 |
| | An amount equal to 2.33% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year. |
| | An amount equal to 2.67% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year. |
| | An amount equal to 3% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year. |
| | Exceeding $12,000 but not exceeding $18,000 |
| | An amount equal to the sum of $279.60 and 0.1634 of the difference between the income (less any allowance or honorarium he received for that year as a Member of Parliament) of the year and $12,000. |
| | An amount equal to the sum of $320.40 and 0.1866 of the difference between the income (less any allowance or honorarium he received for that year as a Member of Parliament) of the year and $12,000. |
| | An amount equal to the sum of $360 and 0.21 of the difference between the income (less any allowance or honorarium he received for that year as a Member of Parliament) of the year and $12,000. |
| | | An amount equal to 7% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year, subject to a maximum of $3,920. |
| | An amount equal to 8% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year, subject to a maximum of $4,480. |
| | An amount equal to 9% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year, subject to a maximum of $5,040. |
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”; and |
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| | (b) | by inserting, immediately after item 14, the following item:| “15. | For the relevant year beginning 1st January 2012 and for every subsequent relevant year, the contributions payable by a self-employed person are as follows:| Total amount of the self-employed person’s income |
| | Self-employed person who has not attained 35 years of age on 1st January of the relevant year |
| | Self-employed person who has attained 35 years of age but has not attained 45 years of age on 1st January of the relevant year |
| | Self-employed person who has attained 45 years of age on 1st January of the relevant year |
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| | | | | Exceeding $6,000 but not exceeding $12,000 |
| | An amount equal to 2.33% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year. |
| | An amount equal to 2.67% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year. |
| | An amount equal to 3% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year. |
| | Exceeding $12,000 but not exceeding $18,000 |
| | An amount equal to the sum of $279.60 and 0.1634 of the difference between the income (less any allowance or honorarium he received for that year as a Member of Parliament) of the year and $12,000. |
| | An amount equal to the sum of $320.40 and 0.1866 of the difference between the income (less any allowance or honorarium he received for that year as a Member of Parliament) of the year and $12,000. |
| | An amount equal to the sum of $360 and 0.21 of the difference between the income (less any allowance or honorarium he received for that year as a Member of Parliament) of the year and $12,000. |
| | | An amount equal to 7% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year, subject to a maximum of $4,200. |
| | An amount equal to 8% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year, subject to a maximum of $4,800. |
| | An amount equal to 9% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year, subject to a maximum of $5,400. |
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