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Regulation 20 Prescribed percentages and amounts in respect of savings credit

Original text. Later amendments are not shown.

(1)

The percentage prescribed for the purposes of determining—

(a)

“amount A” in section 3(4) of the 2002 Act is 60 per cent.;

(b)

“amount B” in section 3(4) of the 2002 Act is 40 per cent.;

(c)

the maximum savings credit in section 3(7) of the 2002 Act is 60 per cent.

(2)

The amount prescribed for the savings credit threshold for the purposes of section 3 of the 2002 Act is—

(a)

£98.40 for a beneficiary who does not have a partner; and

(b)

£157.25 for a beneficiary who has a partner.