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The Social Security Benefits Up-rating Order 2017

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This is the original version (as it was originally made).

Article 25(6)

SCHEDULE 13OTHER AMOUNTS SPECIFIED IN THE STATE PENSION CREDIT REGULATIONS

This schedule has no associated Explanatory Memorandum

(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—
Schedule II, paragraph 7(1)The weekly amount of housing costs shall be calculated by applying the formula—
Schedule II, paragraph 8(2)(1)£100,000.
Schedule II, paragraph 8(4)(a)The sum shall be determined by applying the formula—
Schedule II, paragraph 8(8)(2)The qualifying portion of a loan shall be determined by applying the formula—
Schedule II, paragraph 9(2)(3)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 2(2)(b)(4)Nil.
(1)

See S.I. 2008/3195 which modifies paragraph 8(2) so that it applies as if the reference to “£100,000” were to “£200,000” in relation to certain persons.

(2)

Relevant amending instrument is S.I. 2007/2618.

(3)

Paragraph 9 was substituted by S.I. 2004/2825 and amended by S.I. 2007/3183, 2008/3195, 2010/1811 and 2014/591.

(4)

Paragraph 2 was substituted by S.I. 2005/3360 and sub-paragraph (2) was amended by S.I. 2006/588.

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