Deductions for pension payment and PPF paymentN.I.
74.—(1) Where—
(a)a claimant is entitled to a contributory allowance in respect of any period of a week or part of a week;
(b)there is—
(i)a pension payment,
(ii)a PPF periodic payment, or
(iii)any combination of the payments specified in heads (i) and (ii),
payable to that person in respect of that period (or a period which forms part of that period or includes that period or part of it); and
(c)the amount of the payment, or payments when taken together, exceeds—
(i)if the period in question is a week, £85∙00, or
(ii)if that period is not a week, such proportion of the amount mentioned in head (i) as falls to be calculated in accordance with regulation 94(1) or (6) (calculation of weekly amount of income),
the amount of that allowance is to be reduced by an amount equal to 50 per cent. of the excess.
(2) For the purposes of this Chapter “payment” means a payment referred to in paragraph (1)(b).