PART IIEntitlement and amount

Savings Credit7

1

The percentage prescribed for the purposes of determining—

C1C3C5C7C11C14C18a

the maximum savings credit is 60 per cent.;

C1C3C5C8C12C15C18b

“amount A” in section 3(4) is 60 per cent.;

C1C3C5C9C13C16C18c

“amount B” in section 3(4) is 40 per cent.

2

The amount prescribed for the savings credit threshold is F2£96.00 for a claimant who has no partner and F2£153.40 for a claimant who has a partner.

C2C4C6C10C17C193

The maximum savings credit shall be taken to be Nil in the case of—

a

prisoners; and

b

members of religious orders who are fully maintained by their order.

F14

If a calculation made for the purposes of paragraph (1)(b) or (c) results in a fraction of a penny, that fraction shall, if it would be to the claimant’s advantage, be treated as a penny; otherwise it shall be disregarded.