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The Social Security Benefits Up-rating Order 2003

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This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Social Security Benefits Up-rating Order 2003 No. 526

Article 25(6)

SCHEDULE 16OTHER AMOUNTS SPECIFIED IN THE STATE PENSION CREDIT REGULATIONS

Provision in State Pension Credit RegulationsSpecified Amount
Regulation 6(3)(a) (guarantee credit for prisoners and members of religious orders who are fully maintained by their order)Nil.
Regulation 6(3)(b) (prescribed additional amount for prisoners and members of religious orders who are fully maintained by their order)Nil.
Regulation 7(3) (maximum savings credit for prisoners and members of religious orders who are fully maintained by their order)Nil.

Schedule II, paragraph 6(3)

The relevant fraction of the applicable amount is the amount calculated by the formula—

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Schedule II, paragraph 7(1)

The weekly amount of housing costs is the amount calculated by the formula—

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Schedule II, paragraph 8(2)£100,000.
Schedule II, paragraph 8(4)(a)

The alternative appropriate amount shall be calculated using the formula—

P × Q

Schedule II, paragraph 8(8)

The qualifying portion of a loan shall be determined by the formula—

No math image to display

Schedule II, paragraph 9(2) and (3)5 per cent.

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