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Schedule 13 Other amounts specified in the State Pension Credit RegulationsI1

Northern Ireland

Column (1)Column (2)
Provisions in State Pension Credit RegulationsSpecified Sum
Regulation 6(3)(a)Nil.
Regulation 6(3)(b)Nil.
Regulation 7(3)Nil.
Schedule 2, paragraph 7(1)

The weekly amount of housing costs shall be calculated by applying the formula—

A x B 52
Schedule 2, paragraph 8(2)f1£100,000.
Schedule 2, paragraph 8(4)(a)The sum shall be determined by applying the formula P x Q.
Schedule 2, paragraph 8(8)

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

R x S T
Schedule 2, paragraph 9(2)f2The standard rate is to be the average mortgage rate published by the Bank of England in August 2010 varied each time that sub-paragraph (2B) applies such that the average mortgage rate published on the reference day then becomes the new standard rate in accordance with sub-paragraph (2D).
Schedule 3, paragraph 2f3Nil.

Annotations

Commencement

I1

Sch. 13 comes into force in accordance with art. 1(1)(l)

Footnotes

f1

Paragraph 8(2) is modified in relation to certain persons so that it applies as if the reference to £100,000 were to £200,000 (see S.R. 2008 No. 503)

f2

Paragraph 9 was substituted by regulation 4(c) of S.R. 2004 No. 461 and amended by regulation 5(b) of S.R. 2007 No. 475, regulation 2(2)(b) of S.R. 2008 No. 503 and regulation 2 of S.R. 2010 No. 340

f3

Paragraph 2 was substituted by regulation 7(5) of S.R. 2005 No. 580 and amended by regulation 5(5) of S.R. 2006 No. 97