# Social Security Contributions and Benefits Act 1992, Paragraph 7C


(1) Any lump sum calculated under paragraph 3B or 7B must be rounded to the nearest penny, taking any 1/2p as nearest to the next whole penny above.
(2) In prescribing a percentage rate for the purposes of paragraphs 3B and 7B, the Secretary of State must have regard to—
(a) the national economic situation, and
(b) any other matters which he considers relevant.

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Source: https://www.legislation.gov.uk/ukpga/1992/4/schedule/5/paragraph/7C (the official version)
Page: https://openlegislation.uk/social-security-contributions-and-benefits-act-1992/schedule-5/paragraph-7C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.