Commentary on Sections Sections 11 to 14: Miscellaneous and supplementary Sections 15 to 17: Interpretation of State Pension Credit provisions
123.Sections 15 and 16 define what is meant by income for the purposes of the Act. Section 15 confers regulation-making powers, which will allow the Secretary of State to prescribe how a person’s income and capital are to be calculated and attributed for the purpose of determining entitlement to the guarantee credit and the savings credit.  Section 16(1) contains the definition of "retirement pension income". Section 16(2) confers power to make regulations varying that definition.