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The Social Security Benefits Up-rating Order (Northern Ireland) 2015

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Article 24(6)

SCHEDULE 13Other amounts specified in the State Pension Credit Regulations

Column (1)Column (2)
Provisions in State Pension Credit RegulationsSpecified Sum
Regulation 6(3)(a)Nil.
Regulation 6(3)(b)Nil.
Regulation 7(3)Nil.
Schedule 2, paragraph 7(1)The weekly amount of housing costs shall be calculated by applying the formula—
Schedule 2, paragraph 8(2)(1)£100,000.
Schedule 2, paragraph 8(4)(a)The sum shall be determined by applying the formula P x Q.
Schedule 2, paragraph 8(8)The qualifying portion of a loan shall be determined by applying the formula—
Schedule 2, paragraph 9(2)(2)The standard rate is to be the average mortgage rate published by the Bank of England in August 2010 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 3, paragraph 2(3)Nil.
(1)

Paragraph 8(2) is modified in relation to certain persons so that it applies as if the reference to £100,000 were to £200,000 (see S.R. 2008 No. 503)

(2)

Paragraph 9 was substituted by regulation 4(c) of S.R. 2004 No. 461 and sub-paragraph (2) was substituted by regulation 2 of S.R. 2010 No. 340

(3)

Paragraph 2 was substituted by regulation 7(5) of S.R. 2005 No. 580 and amended by regulation 5(5) of S.R. 2006 No. 97

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