Family credit
12. In the Family Credit Regulations—
(a)in regulation 46(4) (determination of appropriate maximum family credit) the capital sum prescribed is £3,000;
(b)in regulation 46(4), (5) and (6) the amount specified for the credit in respect of a child or young person is nil;
(c)in regulation 47(1) (applicable amount of family credit) for the sum of £57.60 there shall be substituted the sum of £62.25; and
(d)in paragraph 19(b) of Schedule 2 (sums to be disregarded in the calculation of income other than earnings) for the sum of £7.35 there shall be substituted the sum of 8.05.