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The Social Security (2017 Benefits Up-rating) Order (Northern Ireland) 2018

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This is the original version (as it was originally made).

Article 27(4)

SCHEDULE 17Other amounts specified in the Universal Credit Regulations

This schedule has no associated Explanatory Memorandum
Column (1)Column (2)
Provisions in Universal Credit RegulationsSpecified Sum
Regulation 36(2) Step 2Apply the formula—
Schedule 4, paragraph 23(4)The allocated amount is to be found by applying the formula—
Schedule 4, paragraph 32

The amount of the renter’s housing costs element is to be calculated by reference to the formula—

Schedule 4, paragraph 34(4)Amount S is to be found by applying the formula—
Schedule 4, paragraph 35(2)The amount of the deduction is to be determined by the formula—
Schedule 4, paragraph 35(3)The relevant percentage is 14% in the case of one excess bedroom
Schedule 4, paragraph 35(4)The relevant percentage is 25% in the case of two or more excess bedrooms
Schedule 5, paragraph 10(2) Step 3£200,000
Schedule 5, paragraph 10(2) Step 4Apply the formula—
Schedule 5, paragraph 11(2) Step 2£200,000
Schedule 5, paragraph 11(2) Step 3Apply the formula—
Schedule 5, paragraph 12(1)The standard rate is the average mortgage rate published by the Bank of England which has effect for the purposes of paragraph 12 of Schedule 3 to the Income Support (General) Regulations (Northern Ireland) 1987 varied each time that sub-paragraph (3) applies such that the average mortgage rate published on the reference day then becomes the new standard rate in accordance with sub-paragraph (5).

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