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The Social Security Benefits Up-rating Order 2011

Draft Legislation:

This is a draft item of legislation and has not yet been made as a UK Statutory Instrument. This draft has been replaced by a new draft, The Social Security Benefits Up-rating Order 2012 ISBN 978-0-11-151948-6

Article 28(6)

SCHEDULE 20APPLICABLE AMOUNTS SPECIFIED IN THE EMPLOYMENT AND SUPPORT ALLOWANCE REGULATIONS

This schedulenoteType=Explanatory Memorandum has no associated

(1)

Provision in Employment and Support Allowance Regulations

(2)

Specified Sum

Schedule 6, paragraph 7(3)The relevant fraction shall be obtained in accordance with the formula—
Schedule 6, paragraph 8(1)(c)Nil.
Schedule 6, paragraph 11The weekly amount of housing costs is the amount calculated by applying the formula—
Schedule 6, paragraph 12(4)(1)£100,000.
Schedule 6, paragraph 12(6)(a)The appropriate amount shall be a sum determined by applying the formula—
Schedule 6, paragraph 12(10)The qualifying portion of a loan shall be determined by applying the formula—
Schedule 6, paragraph 13(2)(2)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).
(1)

See S.I. 2008/3195 which modifies paragraph 12(4) so that it applies as if the reference to “£100,000” were to “£200,000” in relation to certain persons.

(2)

Relevant amending instruments are 2008/3195 and 2010/1811.

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