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The Social Security Benefits Up-rating Order 2011 (revoked)

Changes over time for: SCHEDULE 17

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Version Superseded: 01/04/2012

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Article 27(6)

SCHEDULE 17OTHER AMOUNTS SPECIFIED IN THE STATE PENSION CREDIT REGULATIONS

This Atodlen has no associated Memorandwm Esboniadol
(1) Provision in State Pension Credit Regulations(2) Specified Amount
Regulation 6(3)(a)Nil.
Regulation 6(3)(b)Nil.
Regulation 7(3)Nil.
Schedule II, paragraph 6(3)The relevant fraction shall be obtained in accordance with the formula—
Schedule II, paragraph 7(1)The weekly amount of housing costs shall be calculated by applying the formula—
Schedule II, paragraph 8(2) M1£100,000.
Schedule II, paragraph 8(4)(a)The sum shall be determined by applying the formula—
Schedule II, paragraph 8(8) M2The qualifying portion of a loan shall be determined by applying the formula—
Schedule II, paragraph 9(2) M3The 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 III, paragraph 2 M4Nil.

Marginal Citations

M1See S.I. 2008/3195 which modifies paragraph 8(2) so that it applies as if the reference to “£100,000” were to “£200,000” in relation to certain persons.

M2Relevant amending instrument is S.I. 2007/2618.

M3Relevant amending instruments are S.I. 2004/2825, 2007/3183, 2008/3195 and 2010/1811.

M4Paragraph 2 was substituted by S.I. 2005/3360 and amended by S.I. 2006/588.

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