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Chwiliad Uwch

The Social Security Benefits Up-rating Order 2014

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 2014 No. 516

Article 14(7)

SCHEDULE 4APPLICABLE AMOUNTS SPECIFIED IN THE INCOME SUPPORT REGULATIONS

This Atodlen has no associated Memorandwm Esboniadol

(1)

Provision in Income Support Regulations

(2)

Specified Sum

Regulation 22A(1)(1)Applicable amount to be reduced by a sum equivalent to 20 per cent. of the specified amount.
Schedule 3(2), paragraph 5(3)The relevant fraction shall be obtained in accordance with the formula—
Schedule 3, paragraph 6(1)(b)(3)Half the amount which would fall to be met by applying the provisions of sub-paragraph (a).
Schedule 3, paragraph 6(1)(c)Nil.
Schedule 3, paragraph 7(8)100 per cent. of eligible interest.
Schedule 3, paragraph 8(1)(b)Nil.
Schedule 3, paragraph 10(4)The weekly amount of housing costs is the amount calculated by applying the formula—
Schedule 3, paragraph 11(5)(5)£100,000.
Schedule 3, paragraph 11(7)(a)

A sum determined by applying the formula—

P x Q.

Schedule 3, paragraph 11(11)(6)

The qualifying portion of a loan shall be determined by applying the formula—

formula—formula—

Schedule 3, paragraph 12(2)(7)The standard rate is to be the average mortgage rate published by the Bank of England in August 2010. It is to be varied each time that sub-paragraph (2B) applies such that the average mortgage rate published on the reference day then becomes the new standard rate in accordance with sub-paragraph (2D).
Schedule 7, paragraph 2A(8)Nil.
Schedule 7, paragraph 7Nil.
Schedule 7, paragraph 8(a)Nil.
Schedule 7, paragraph 17(9)Nil.
(1)

Regulation 22A was inserted by S.I. 1996/206 and paragraph (1) was amended by S.I. 1999/2422 and 3109, 2001/3767 and 2007/2618.

(2)

Schedule 3 was substituted by S.I. 1995/1613.

(3)

Relevant amending instrument is S.I. 1995/2927.

(4)

Paragraph 10 was substituted by S.I. 2001/3651 and amended by S.I. 2004/2825.

(5)

See S.I. 2008/3195 which modifies paragraph 11(5) so that it applies as if the reference to “£100,000” were to “£200,000” in relation to certain persons.

(6)

Paragraph 11(11) was inserted by S.I. 1995/2927.

(7)

Relevant amending instruments are S.I. 2004/2825 and 2010/1811.

(8)

Paragraph 2A was substituted by S.I. 2005/3360.

(9)

Relevant amending instrument is S.I. 2000/636.

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