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Regulation 7 Savings Credit

Original text. Later amendments are not shown.

(1)

The percentage prescribed for the purposes of determining—

(a)

the maximum savings credit is 60 per cent.;

(b)

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

(c)

“amount B” in section 3(4) is 40 per cent.

(2)

The amount prescribed for the savings credit threshold is £77 for a claimant who has no partner and £123 for a claimant who has a partner.

(3)

The maximum savings credit shall be taken to be Nil in the case of—

(a)

prisoners; and

(b)

members of religious orders who are fully maintained by their order.