Statutory Instruments
2001 No. 2676
SOCIAL SECURITY
The Income Support (General) (Standard Interest Rate Amendment) (No. 2) Regulations 2001
Made
23rd July 2001
Laid before Parliament
27th July 2001
Coming into force
19th August 2001
The Secretary of State for Work and Pensions, in exercise of the powers conferred upon him by sections 123(1)(a), 135(1), 137(1) and 175(1) and (3) to (5) of the Social Security Contributions and Benefits Act 1992( 1 ) and of all other powers enabling him in that behalf, after agreement by the Social Security Advisory Committee that proposals in respect of these Regulations should not be referred to it( 2 ), hereby makes the following Regulations:
Citation, commencement and interpretation
1. —(1) These Regulations shall be cited as the Income Support (General)(Standard Interest Rate Amendment)(No. 2) Regulations 2001 and shall come into force on 19th August 2001.
(2) These Regulations shall have effect in relation to any particular claimant—
(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 26th August 2001; or
(ii) if the claim for income support is for a period commencing after 26th August 2001, from the first day of the first benefit week commencing after 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
1992 c. 4 ; section 137(1) is an interpretation provision and is cited because of the meaning ascribed to the word “prescribed”.
See section 173(1)(b) of the Social Security Administration Act 1992 (c. 5) .
Paragraph 7 was substituted by S.I. 1990/2208 and amended by S.I. 1991/387 and 1992/247 .
The definition of “benefit week” was amended by S.I. 1998/1445 .
S.I. 1987/1968 .
S.I. 1987/1967 .
Schedule 3 is substituted by S.I. 1995/1613 ; the relevant amending instrument is S.I. 2001/1831 .
S.I. 2001/1831 .