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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Income Support (General) (Standard Interest Rate Amendment) (No. 2) Regulations 2001 URL: http://www.bailii.org/uk/legis/num_reg/2001/20012676.html |
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Made | 23rd July 2001 | ||
Laid before Parliament | 27th July 2001[a] | ||
Coming into force | 19th August 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 26th August 2001,
and for this purpose, the expressions "claimant" and "benefit week" have the same meaning 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 "6.94 per cent." there shall be substituted the words "6.65 per cent.".
Revocation of the Income Support (General) (Standard Interest Rate Amendment) Regulations 2001
3.
The Income Support (General) (Standard Interest Rate Amendment) Regulations 2001[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 regulation1(2) of these Regulations.
Signed by authority of the Secretary of State for Work and Pensions
Malcolm Wicks
Parliamentary Under-Secretary of State, Department for Work and Pensions
23rd July 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. 1998/1445.back
[7] Schedule 3 is substituted by S.I. 1995/1613; the relevant amending instrument is S.I. 2001/1831.back