Statutory Instruments
Social security
Made
22nd February 2007
Laid before Parliament
28th February 2007
Coming into force
1st April 2007
The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by sections 15A(2)(b), 189(1) and (4) and 191 of the Social Security Administration Act 1992(1).
In accordance with section 173(1)(b) of that Act, he has obtained the agreement of the Social Security Advisory Committee that proposals in respect of these Regulations should not be referred to it.
In accordance with section 15A of the Act he has consulted with organisations representing qualifying lenders likely to be affected by these Regulations.
1. These Regulations may be cited as the Social Security (Claims and Payments) Amendment Regulations 2007 and shall come into force on 1st April 2007.
2. In paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987(2) (deductions of mortgage interest from benefit and payment to qualifying lenders), for the amount “£0.51” there shall be substituted “£0.47”.
Signed by authority of the Secretary of State for Work and Pensions.
James Plaskitt
Parliamentary Under Secretary of State,
Department for Work and Pensions
22nd February 2007
(This note is not part of the Regulations)
These Regulations amend paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 by reducing from £0.51 to £0.47 the fee which qualifying lenders pay for the purpose of defraying administrative expenses incurred by the Secretary of State in making payments in respect of mortgage interest direct to qualifying lenders.
A full regulatory impact assessment has not been prepared for this instrument as it has minimal impact on the costs of business.
1992 c.5. Section 15A was inserted by paragraph 1 of the Schedule to the Social Security (Mortgage Interest Payments) Act 1992 (c.33) and amended by section 14 of and Schedule 2 to the State Pension Credit Act 2002 (c.16). Section 191 is cited for the meaning ascribed to the word “prescribe”.
S.I. 1987/1968. Schedule 9A was inserted by S.I. 1992/1026. Paragraph 7 was amended by S.I. 2002/3197, 2003/470, 2004/576, 2005/2154 and 2006/551.