SCHEDULES

SCHEDULE 5Universal credit and other working-age benefits

Earnings tapers

6

1

Section 2 of the Welfare Reform Act 2007 (amount of contributory allowance) is amended as follows.

2

In subsection (1)(c), after “making” there is inserted—

i

deductions in respect of earnings calculated in the prescribed manner (which may include multiplying some or all earnings by a prescribed percentage), and

ii

3

At the end there is inserted—

6

In subsection (1)(c)(i) the reference to earnings is to be construed in accordance with sections 3, 4 and 112 of the Social Security Contributions and Benefits Act 1992.