13.The Act has three sections and one schedule:
Section 1 provides for the up-rating of certain social security benefits and payments by 1 per cent in the tax years 2014-15 and 2015-16;
Section 2 provides for the up-rating of certain elements of tax credits by 1 per cent in the tax years 2014-15 and 2015-16;
Section 3 contains the miscellaneous measures and technical provisions in the Act;
The Schedule sets out the “relevant sums” for the purposes of section 1 and the “relevant amounts” for the purposes of section 2.