State Pension Credit Bill [HL]
AMENDMENTS
TO BE MOVED
ON THIRD READING
| | THE LORD HIGGINS
THE BARONESS NOAKES |
| Page 3, line 37, at end insert— |
| "( ) | No reduction in the savings credit shall be made under the provisions of the Social Security (Hospital In-patients) Regulations (S.I. 1975/555)." |
| Page 3, line 37, at end insert— |
| "( ) | The amount of any deduction to a state pension credit made under the provisions of the Social Security (Hospital In-patients) Regulations (S.I. 1975/555), or any subsequent hospital in-patients regulations, shall be calculated within six months of the passage of this Act and thereafter at three-yearly intervals so as to reflect the latest estimates of the cost and pattern of items of household expenditure." |
| | THE LORD HIGGINS
THE BARONESS NOAKES |
| Page 9, line 20, at end insert ", having regard to the yield to redemption available on long-dated (over fifteen years) United Kingdom government bonds" |
| Page 9, line 22, at end insert— |
| "( ) | For the purposes of this Act neither a person's income nor his capital shall include any investment in or income arising from— |
| (a) | any plan which is a scheme of investment covered by the Personal Equity Plan Regulations 1989 (S.I. 1989/469); or |
| (b) | any plan which is in the form of an account covered by the Individual Savings Account Regulations 1998 (S.I. 1998/1870); |
| | or such other regulations as may be issued in substitution for or extension to or amendment of such regulations." |
| Page 9, line 22, at end insert— |
| "( ) | For the purposes of this Act the earnings of a claimant who has attained the qualifying age set out in section 1(6) above shall be treated as income only to the extent that it exceeds an amount calculated as sixteen times the hourly rate set under section 2 of the National Minimum Wage Act 1998 (c. 39) (determination of hourly rate of remuneration)." |
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