The Income Support (General) (Standard Interest Rate Amendment No. 2) Regulations (Northern Ireland) 2004
These Regulations amend Schedule 3 to the Income Support (General) Regulations (Northern Ireland) 1987, as substituted and amended, with respect to the standard rate of interest applicable to a loan which qualifies for income support under that Schedule to those Regulations. The rate is increased from 5.33 per cent. to 5.59 per cent. (regulation 2). The Regulations also revoke, with a saving provision, the Income Support (General) (Standard Interest Rate Amendment) Regulations (Northern Ireland) 2004 which made the previous amendment to the standard rate of interest (regulation 3).