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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) Regulations 2004 No. 440 URL: http://www.bailii.org/uk/legis/num_reg/2004/20040440.html |
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Made | 23rd February 2004 | ||
Laid before Parliament | 27th February 2004 | ||
Coming into force | 21st March 2004 |
(b) in a case where income support is paid to the claimant in advance, in accordance with paragraph 1(b) of Schedule 3A to the Decisions and Appeals Regulations from the first day of the first benefit week commencing after 28th March 2004,
and for this purpose, the expressions "claimant" and "benefit week" have the same meanings as in regulation 2(1) of the Income Support Regulations[6] (interpretation).
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 "5.07 per cent." there shall be substituted the words "5.33 per cent.".
Revocation and saving of the Income Support (General) (Standard Interest Rate Amendment) Regulations 2003
3.
The Income Support (General) (Standard Interest Rate Amendment) Regulations 2003[8] are hereby revoked save that those Regulations shall continue to have effect until the first day of the benefit week having effect in relation to any particular claimant for the purpose of regulation 1(3) of these Regulations.
Signed by authority of the Secretary of State for Work and Pensions.
Chris Pond
Parliamentary Under-Secretary of State, Department for Work and Pensions
23rd February 2004
[2] See section 173(1)(b) of the Social Security Administration Act 1992 (c. 5).back
[5] Schedule 3A was inserted by S.I. 2000/1596.back
[6] The definition of "benefit week" was amended by S.I. 1988/1445.back
[7] Schedule 3 is substituted by S.I. 1995/1613; the relevant amending instrument is S.I. 2003/2693.back