PART IIEntitlement and amount
Savings Credit7.
(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)
(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.