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The Social Security Benefits Up-rating Order 2015 (revoked)
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- UK Statutory Instruments
- 2015 No. 457
- SCHEDULE 15
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Article 22(5)
SCHEDULE 15U.K.APPLICABLE AMOUNTS SPECIFIED IN THE ESA REGULATIONS 2008
This schedule has no associated Explanatory Memorandum
| (1) Provision in ESA Regulations 2008 | (2) Specified Sum |
|---|---|
| Schedule 6, paragraph 7(3) | The relevant fraction shall be obtained in accordance with the formula— |
| Schedule 6, paragraph 8(1)(c) | Nil. |
| Schedule 6, paragraph 9(1)(b) | Nil. |
| Schedule 6, paragraph 11 | The weekly amount of housing costs is the amount calculated by applying the formula— |
| Schedule 6, paragraph 12(4) M1 | £100,000. |
| Schedule 6, paragraph 12(6)(a) | The appropriate amount shall be a sum determined by applying the formula— |
| Schedule 6, paragraph 12(10) | The qualifying portion of a loan shall be determined by applying the formula— |
| Schedule 6, paragraph 12(12)(b) | £150,000 |
| Schedule 6, paragraph 12(12)(c) | £125,000 |
| Schedule 6, paragraph 13(2) M2 | 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). |
Marginal Citations
M1See S.I. 2008/3195 which modifies paragraph 12(4) so that it applies as if the reference to “£100,000” were to “£200,000” in relation to certain persons.
M2Relevant amending instruments are S.I. 2008/3195, 2010/1811 and 2014/591.
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