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The Social Security Benefits Up-rating Order 2004

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Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Social Security Benefits Up-rating Order 2004 No. 552

Article 26(6)

SCHEDULE 20OTHER AMOUNTS SPECIFIED IN THE STATE PENSION CREDIT REGULATIONS

Provision in State Pension Credit RegulationsSpecified Amount
Regulation 6(3)(a)Nil.
Regulation 6(3)(b)Nil.
Regulation 7(3)Nil.
Schedule II, paragraph 6(3)The relevant fraction of the applicable amount is the amount calculated by the formula—

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Schedule II, paragraph 7(1)The weekly amount of housing costs shall be calculated by applying the formula—

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Schedule II, paragraph 8(2)£100,000.
Schedule II, paragraph 8(4)(a)The sum shall be determined by applying the formula—

P × Q

Schedule II, paragraph 8(8)The qualifying portion of a loan shall be determined by applying the formula—

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Schedule II, paragraph 9(2) and (3)5 per cent.

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