http://www.legislation.gov.uk/nisr/1996/545/contents/made

The Income Support (General) (Standard Interest Rate Amendment No. 3) Regulations (Northern Ireland) 1996

Income support

Benefits

Government Printer for Northern Ireland

2016-09-06

SOCIAL SECURITY

These Regulations amend Schedule 3 to the Income Support (General) Regulations (Northern Ireland) 1987 with respect to the standard rate of interest applicable to a loan which qualifies for income support. The rate is reduced from 7·16 per cent. to 6·89 per cent. (regulation 2). The Regulations also revoke, with a saving provision, the Income Support (General) (Standard Interest Rate Amendment No. 2) Regulations (Northern Ireland) 1996 which made a previous amendment to the standard rate of interest (regulation 3).