[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback]
	United Kingdom Statutory Instruments
You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Income Support (General) (Standard Interest Rate Amendment) Regulations 2001 URL: http://www.bailii.org/uk/legis/num_reg/2001/20011831.html

[New search] [Help]

(a) in a case where income support is paid to the claimant in arrears in accordance with paragraph 7(1)(i) of Schedule 7 to the Claims and Payments Regulations[3] (date when change of circumstances is to take effect) - 


(i) from the first day of the benefit week which includes 24th June 2001; or

(ii) if the claim for income support is for a period commencing after 24th June 2001, from the first day of the first benefit week commencing after 17th June 2001;



(b) in a case where income support is paid to the claimant in advance in accordance with paragraph 7(1)(ii) of Schedule 7 to the Claims and Payments Regulations, from the first day of the first benefit week commencing after 24th June 2001,

and for this purpose, the expressions "claimant" and "benefit week" have the same meanings as in regulation 2(1) of the Income Support Regulations[4] (interpretation).

    (3) In these Regulations, "the Claims and Payments Regulations" means the Social Security (Claims and Payments) Regulations 1987[5] and "the Income Support Regulations" means the Income Support (General) Regulations 1987[6].

Amendment of Schedule 3 to the Income Support Regulations
     2. In paragraph 12(1)(a) of Schedule 3 to the Income Support Regulations[7] (standard rate of interest on qualifying loans), for the words "7.44 per cent." there shall be substituted the words "6.94 per cent.".

Revocation of the Income Support (General) (Standard Interest Rate Amendment) (No. 2) Regulations 2000
     3. The Income Support (General) (Standard Interest Rate Amendment) (No. 2) Regulations 2000[8] are hereby revoked save that those Regulations shall continue to have effect until the day before the first day of the benefit week having effect in relation to any particular claimant for the purpose of regulation 1(2) of these Regulations.



Signed by authority of the Secretary of State for Social Security.


P. Hollis
Parliamentary Under-Secretary of State, Department of Social Security

10th May 2001

[2] See section 173(1)(b) of the Social Security Administration Act 1992 (c. 5).back

[3] Paragraph 7 was substituted by S.I. 1990/2208 and amended by S.I. 1991/387 and 1992/247.back

[4] The definition of "benefit week" was amended by S.I. 1988/1445.back

[5] S.I. 1987/1968.back

[6] S.I. 1987/1967.back

[7] Schedule 3 is substituted by S.I. 1995/1613; the relevant amending instrument is S.I. 2000/1402.back

[8] S.I. 2000/1402.back

 © Crown copyright 2001