# The State Pension Credit Regulations (Northern Ireland) 2003, Regulation 7: Savings Credit

Extent: N.I.

(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) of the Act is 60 per cent.;
(c) “amount B” in section 3(4) of the Act is 40 per cent..
(2) The amount prescribed for the savings credit threshold is £126∙50 for a claimant who has no partner and £201∙80 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.
(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.

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Source: https://www.legislation.gov.uk/nisr/2003/28/regulation/7 (the official version)
Page: https://openlegislation.uk/state-pension-credit-regulations-northern-ireland-2003/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.