{
  "url": "https://openlegislation.uk/state-pension-credit-regulations-2002/regulation-7",
  "json_url": "https://openlegislation.uk/state-pension-credit-regulations-2002/regulation-7.json",
  "legislation": "uksi/2002/1792",
  "legislation_title": "The State Pension Credit Regulations 2002",
  "legislation_url": "https://openlegislation.uk/state-pension-credit-regulations-2002",
  "path": "regulation/7",
  "kind": "regulation",
  "number": "7",
  "heading": "Savings Credit",
  "text": "(1) The percentage prescribed for the purposes of determining—\n(a) the maximum savings credit is 60 per cent.;\n(b) “amount A” in section 3(4) is 60 per cent.;\n(c) “amount B” in section 3(4) is 40 per cent.\n(2) The amount prescribed for the savings credit threshold is £208.07 for a claimant who has no partner and £329.75 for a claimant who has a partner.\n(3) The maximum savings credit shall be taken to be Nil in the case of—\n(a) prisoners; and\n(b) members of religious orders who are fully maintained by their order.\n(4) If a calculation made for the purposes of paragraph (1)(b) or (c) results in a fraction of a penny, that fraction shall, if it would be to the claimant’s advantage, be treated as a penny; otherwise it shall be disregarded.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sums in Reg. 7(2) substituted (coming into force in accordance with art. 1(3)(k) of the amending S.I.) by The Social Security Benefits Up-rating Order 2026 (S.I. 2026/148), arts. 1(3)(k), 29(3)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Reg. 7(4) added (6.10.2003) by The State Pension Credit (Consequential, Transitional and Miscellaneous Provisions) Regulations 2002 (S.I. 2002/3019), regs. 1(2)(b), 23(d)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2002/1792/regulation/7",
    "retrieved_at": "2026-11-05T03:44:20.157383+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}