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The Social Security Benefits Up-rating Order 2014
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- UK Statutory Instruments
- 2014 No. 516
- SCHEDULE 17
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Article 24(4)
SCHEDULE 17OTHER AMOUNTS SPECIFIED IN THE UNIVERSAL CREDIT REGULATIONS
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(1) Provision in Universal Credit Regulations | (2) Specified Amount |
|---|---|
| Schedule 4, paragraph 24(4)(1) | The allocated amount is to be found by applying the formula— |
| Schedule 4, paragraph 33 | The amount of the renter’s housing costs element is to be calculated by reference to the formula— |
| Schedule 4, paragraph 35(4)(2) | Amount S is to be found by applying the formula— |
| Schedule 4, paragraph 36(2) | The amount of the deduction is to be determined by the formula— |
| Schedule 4, paragraph 36(3) | The relevant percentage is 14% in the case of one excess bedroom. |
| Schedule 4, paragraph 36(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 4 | Apply the formula— |
| Schedule 5, paragraph 11(2) Step 2 | £200,000 |
Schedule 5, paragraph 11(2) Step 3 | Apply 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 1987. It is to be 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). |
(1)
Relevant amending instrument is S.I. 2013/1508.
(2)
Relevant amending instrument is S.I. 2013/1508.
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