
1 
These Regulations may be cited as the Social Security (Contributions) (Amendment No. 4) Regulations (Northern Ireland) 1998 and shall come into operation on 22nd September 1998.
2 
In regulation 19(1) of the Social Security (Contributions) Regulations (Northern Ireland) 1979 (payments to be disregarded) after sub-paragraph (l) there shall be inserted the following sub-paragraph—“
(ll) a payment which comprises any gain on which the earner is chargeable to tax by virtue of section 135 of the Income and Corporation Taxes Act 1988 (gains by directors and employees from share options);”.
Sealed with the Official Seal of the Department of Health and Social Services for Northern Ireland on
John O'Neill
Assistant Secretary
21st September 1998.