(This note is not part of the Regulations)
This Order is made by the Treasury under section 132 of the Social Security Administration (Northern Ireland) 1992 (c. 8) as the consequence of a review, conducted by them under section 150 of the Social Security Administration Act 1992 (c. 5), of the general level of prices. It details the amounts mentioned in section 150(1) which it falls to the Treasury to determine in consequence of the transfer of functions in respect of child benefit and guardian’s allowance under section 49(3) of the Tax Credits Act 2002 (c. 21).
Article 1 provides for the citation and commencement of the Order.
Article 2 increases the weekly rate of guardian’s allowance prescribed in paragraph 5 of Part III of Schedule 4 to the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 4) from £11.85 to £12.20.
Article 3 increases the weekly rates of child benefit prescribed in sub-paragraphs (a)(i) and (b) of regulation 2(1) of the Child Benefit and Social Security (Fixing and Adjustment of Rates) Regulations (Northern Ireland) 1976 (S.R. 1976 No.223) from £16.50 to £17.00 and from £11.05 to £11.40 respectively.
This Order does not impose any new costs on business.