SCHEDULE 17OTHER AMOUNTS SPECIFIED IN THE STATE PENSION CREDIT REGULATIONS

Article 27(6)

(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—

A+ Bmath

Schedule II, paragraph 7(1)

The weekly amount of housing costs shall be calculated by applying the formula—

AxB52math
Schedule II, paragraph 8(2)147

£100,000.

Schedule II, paragraph 8(4)(a)

The sum shall be determined by applying the formula—

PxQmath
Schedule II, paragraph 8(8)148

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

R xSTmath
Schedule II, paragraph 9(2)149

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 III, paragraph 2150

Nil.