(1) Section 486C of the Principal Act is amended -

(a) in subsection (1)(a) -

(i) in the definition of "total contribution", in subparagraph (i), by the substitution of "company and specified self-employment contributions" for "company", and

(ii) by the insertion of the following definitions:

"'self-employment contribution limit' means, subject to subsection (6), €1,000;

'Self-employment Pay-Related Social Insurance' means the contribution payable under section 21(1)(c) of the Social Welfare Consolidation Act 2005;

'specified self-employment contribution', in relation to an individual, means the lesser of -

(i) the amount of Self-employment Pay-Related Social Insurance paid by the individual in respect of emoluments from the company to that individual and which the company has remitted to the Collector-General in the accounting period, and

(ii) the self-employment contribution limit;",

and

(b) in subsection (6) -

(i) in paragraph (a), by the substitution of "limit," for "limit, and", and