The Social Security Benefits Up-rating Order 2005

Draft Legislation:

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 2005 No. 522

Article 16(8)

(1)	(2)
Provision in Income Support Regulations	Specified Sum
Regulation 22A(1)(1)	Applicable amount to be reduced by a sum equivalent to 20 per cent. of the specified amount.
Regulation 71(1)(a)(i)(2)	90 per cent. of the amount applicable or, as the case may be, of the reduced amount.
Regulation 71(1)(d)	90 per cent. of the applicable amount.
Schedule 3, paragraph 5(3)(3)	The relevant fraction shall be obtained in accordance with the formula— No math image to display
Schedule 3, paragraph 6(1)(b)(4)	Half the amount which would fall to be met by applying the provisions of sub-paragraph (a).
Schedule 3, paragraph 6(1)(c)	Nil.
Schedule 3, paragraph 7(8)	100 per cent. of eligible interest.
Schedule 3, paragraph 8(1)(b)	Nil.
Schedule 3, paragraph 10(5)	The weekly amount of housing costs is the amount calculated by the formula— No math image to display
Schedule 3, paragraph 11(5)	£100,000.
Schedule 3, paragraph 11(7)(a)	The appropriate amount shall be a sum determined by applying the formula P x Q.
Schedule 3, paragraph 11(11)(6)	The qualifying portion of a loan shall be determined by the formula— No math image to display
Schedule 3, paragraph 12(2)(7)	The standard rate shall be 1.58 per cent. plus the appropriate rate under head (a) or (b) as the case may be.
Schedule 3, paragraph 12(4)(a) and (5)(a)	5 per cent.
Schedule 3, paragraph 12(6)	5.88 per cent.

(1)

Regulation 22A was inserted by S.I. 1996/206 and paragraph (1) was amended by S.I. 1999/2422 and 3019 and 2001/3767.

(2)

(3)

Schedule 3 was substituted by S.I. 1995/1613.

(4)

Relevant amending instrument is S.I. 1995/2927.

(5)

Paragraph 10 was substituted by S.I. 2001/3651 and amended by S.I. 2004/2825.

(6)

Paragraph 11(11) was inserted by S.I. 1995/2927.

(7)

Paragraph 12 was substituted by S.I. 2004/2825.