Rate and payment of voluntary contribution

(1) Subject to the provisions of paragraph (11) of Regulation 6 and of paragraph (2) of Regulation 7, the amount of weekly contribution payable by a voluntary contributor shall be equivalent to three and one fifth per cent of his average weekly insurable earnings on the date when he ceased to be liable to be insured. (2) For the purpose of paragraph (1), the expression “average weekly insurable earnings” has the same meaning assigned to it by Regulation 26 of the Benefit Regulations and the amount thereof shall be determined by the Board. (3) Voluntary contributions shall be payable– (a) in such manner as the Board may determine; (b) in respect of such period, being a period not longer than twenty–six contribution weeks, as the Board may determine and the payment thereof shall be due not later than fourteen days after the end of such period: Provided that in a particular case where payment is not made by the due date the Board may extend the date by a period not longer than four weeks if it is satisfied that there are extenuating circumstances. Social Security 243