- Latest available (Revised)
- Point in Time (07/04/2014)
- Original (As made)
The State Pension Credit Regulations 2002
You are here:
- UK Statutory Instruments
- 2002 No. 1792
- PART II
- Regulation 7
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland and Northern Ireland)
- Show Timeline of Changes
More Resources
- Original: King's Printer Version
- Revised Version 31/3/2020
- Revised Version 31/3/2019
- Revised Version 30/11/2018
- Revised Version 31/8/2018
- Revised Version 31/5/2018
- Revised Version 28/2/2018
- Revised Version 30/11/2017
- Revised Version 31/8/2017
- Revised Version 30/6/2017
- Revised Version 31/3/2017
- Revised Version 30/9/2016
- Revised Version 29/2/2016
- Revised Version 30/11/2015
- Revised Version 28/2/2015
- Revised Version 30/11/2014
Changes over time for: Section 7
Version Superseded: 06/04/2015
Alternative versions:
- 21/05/2003- Amendment
- 06/10/2003- Amendment
- 12/04/2004- Amendment
- 11/04/2005- Amendment
- 10/04/2006- Amendment
- 07/03/2007- Amendment
- 07/04/2008- Amendment
- 06/04/2009- Amendment
- 12/04/2010- Amendment
- 11/04/2011- Amendment
- 09/04/2012- Amendment
- 08/04/2013- Amendment
- 07/04/2014- Amendment
- 07/04/2014
Point in time - 06/04/2015- Amendment
- 11/04/2016- Amendment
- 10/04/2017- Amendment
- 09/04/2018- Amendment
- 08/04/2019- Amendment
- 06/04/2020- Amendment
- 12/04/2021- Amendment
- 11/04/2022- Amendment
- 10/04/2023- Amendment
- 08/04/2024- Amendment
Status:
Point in time view as at 07/04/2014. This version of this provision has been superseded.
Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
The State Pension Credit Regulations 2002, Section 7 is up to date with all changes known to be in force on or before 27 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Savings Credit
7.—(1) The percentage prescribed for the purposes of determining—
(a)the maximum savings credit is 60 per cent.;
(b)“amount A” in section 3(4) is 60 per cent.;
(c)“amount B” in section 3(4) is 40 per cent.
(2) The amount prescribed for the savings credit threshold is [F1£120.35] for a claimant who has no partner and [F1£192.00] for a claimant who has a partner.
(3) The maximum savings credit shall be taken to be Nil in the case of—
(a)prisoners; and
(b)members of religious orders who are fully maintained by their order.
[F2(4) If a calculation made for the purposes of paragraph (1)(b) or (c) results in a fraction of a penny, that fraction shall, if it would be to the claimant’s advantage, be treated as a penny; otherwise it shall be disregarded.]
Textual Amendments
F1Sums in Reg. 7(2) substituted (coming into force in accordance with art. 1(2)(i) of the amending S.I.) by The Social Security Benefits Up-rating Order 2014 (S.I. 2014/516), arts. 1(2)(i), 21(1)(3)(b)
F2Reg. 7(4) added (6.10.2003) by The State Pension Credit (Consequential, Transitional and Miscellaneous Provisions) Regulations 2002 (S.I. 2002/3019), regs. 1(2)(b), 23(d)
Modifications etc. (not altering text)
C1Reg. 7(1)(a) percentages maintained (coming into force in accordance with art. 1(2)(i) of the amending S.I.) by The Social Security Benefits Up-rating Order 2014 (S.I. 2014/516), arts. 1(2)(i), 21(1)(3)(a)
C2Reg. 7(1)(b) percentages maintained (coming into force in accordance with art. 1(2)(i) of the amending S.I.) by The Social Security Benefits Up-rating Order 2014 (S.I. 2014/516), arts. 1(2)(i), 21(1)(3)(a)
C3Reg. 7(1)(c) percentages maintained (coming into force in accordance with art. 1(2)(i) of the amending S.I.) by The Social Security Benefits Up-rating Order 2014 (S.I. 2014/516), arts. 1(2)(i), 21(1)(3)(a)
C4Reg. 7(3) sum maintained (coming into force in accordance with art. 1(2)(i) of the amending S.I.) by The Social Security Benefits Up-rating Order 2014 (S.I. 2014/516), arts. 1(2)(i), 21(1)(6), Sch. 13
Options/Help
Print Options
PrintThe Whole Instrument
PrintThe Whole Part
PrintThis Section only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as made version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.