The Infected Blood Compensation Scheme Regulations 2025
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77 Making periodic payments
(1) Where an IBCS payment is to be made in relation to an eligible person as periodic payments— (a) an amount of that IBCS payment is payable in respect of each month of the term of payment (a “periodic payment”) (see paragraph (2)), (b) after each periodic payment, the remaining amount of the IBCS payment is to be reduced by the amount of the periodic payment, (c) where a periodic payment election is made in respect of a subsequent IBCS payment to be made in relation to the same eligible person, the remaining amount of the IBCS payment is to be increased by the amount of the subsequent IBCS payment (see regulation 76(4)), and (d) at the beginning of the second payment period and each subsequent payment period (and before a periodic payment is paid in respect of the first month of such payment period), the remaining amount of the IBCS payment is to be compounded by the consumer price index over the 12-month period ending with the September before the beginning of the payment period. (2) The amount of the periodic payment payable in respect of each month of a payment period is CR ÷ (MT – MP), where— (a) “CR” is the remaining amount of the IBCS payment at the beginning of the payment period (and before a periodic payment is paid in respect of the first month of the payment period); (b) “MT” is the total number of months in the term of payment; (c) “MP” is the number of months in respect of which a periodic payment had been paid immediately before the beginning of the payment period. (3) In respect of any month which falls within an adjustment period (see paragraph (4)), the amount of the periodic payment is to be increased by an amount equal to CI ÷ (MT – MA), where— (a) “CI” is the amount by which the remaining amount of the IBCS payment has been increased in accordance with paragraph (1)(c); (b) “MT” is the total number of months in the term of payment; (c) “MA” is the number of months in respect of which a periodic payment had been paid immediately before the beginning of the adjustment period. (4) For the purposes of paragraph (3), an adjustment period— (a) begins with the month immediately after the month in which the remaining amount of the IBCS payment was increased in accordance with paragraph (1)(c), and (b) ends with the final month of the payment period in which that increase occurred. (5) For the purposes of this regulation, the payment periods are— (a) the first period, being— (i) where the first periodic payment is payable in respect of March, that March only; (ii) otherwise, the period which— (aa) begins with the month in respect of which the first periodic payment is payable, and (bb) ends with the following March, (b) each subsequent period of 12 months beginning with April and ending with March, until such period which is immediately before the final period, and (c) the final period, being the period which— (i) begins with the April in which (counting that month) there are fewer than 13 months remaining of the term of payment, and (ii) ends with the month in respect of which the final periodic payment is payable. (6) In this regulation— the “remaining amount of the IBCS payment” means the amount of the IBCS payment that remains payable for the time being after each reduction (if any) under paragraph (1)(b) and each increase (if any) under paragraph (1)(c) or (d); “term of payment” means the fixed term over which an IBCS payment is payable in accordance with a periodic payment election.
77 Making periodic payments
(1) Where an IBCS payment is to be made in relation to an eligible person as periodic payments— (a) an amount of that IBCS payment is payable in respect of each month of the term of payment (a “periodic payment”) (see paragraph (2)), (b) after each periodic payment, the remaining amount of the IBCS payment is to be reduced by the amount of the periodic payment, (c) where a periodic payment election is made in respect of a subsequent IBCS payment to be made in relation to the same eligible person, the remaining amount of the IBCS payment is to be increased by the amount of the subsequent IBCS payment (see regulation 76(4)), and (d) at the beginning of the second payment period and each subsequent payment period (and before a periodic payment is paid in respect of the first month of such payment period), the remaining amount of the IBCS payment is to be compounded by the consumer price index over the 12-month period ending with the September before the beginning of the payment period. (2) The amount of the periodic payment payable in respect of each month of a payment period is CR ÷ (MT – MP), where— (a) “CR” is the remaining amount of the IBCS payment at the beginning of the payment period (and before a periodic payment is paid in respect of the first month of the payment period); (b) “MT” is the total number of months in the term of payment; (c) “MP” is the number of months in respect of which a periodic payment had been paid immediately before the beginning of the payment period. (3) In respect of any month which falls within an adjustment period (see paragraph (4)), the amount of the periodic payment is to be increased by an amount equal to CI ÷ (MT – MA), where— (a) “CI” is the amount by which the remaining amount of the IBCS payment has been increased in accordance with paragraph (1)(c); (b) “MT” is the total number of months in the term of payment; (c) “MA” is the number of months in respect of which a periodic payment had been paid immediately before the beginning of the adjustment period. (4) For the purposes of paragraph (3), an adjustment period— (a) begins with the month immediately after the month in which the remaining amount of the IBCS payment was increased in accordance with paragraph (1)(c), and (b) ends with the final month of the payment period in which that increase occurred. (5) For the purposes of this regulation, the payment periods are— (a) the first period, being— (i) where the first periodic payment is payable in respect of March, that March only; (ii) otherwise, the period which— (aa) begins with the month in respect of which the first periodic payment is payable, and (bb) ends with the following March, (b) each subsequent period of 12 months beginning with April and ending with March, until such period which is immediately before the final period, and (c) the final period, being the period which— (i) begins with the April in which (counting that month) there are fewer than 13 months remaining of the term of payment, and (ii) ends with the month in respect of which the final periodic payment is payable. (6) In this regulation— the “remaining amount of the IBCS payment” means the amount of the IBCS payment that remains payable for the time being after each reduction (if any) under paragraph (1)(b) and each increase (if any) under paragraph (1)(c) or (d); “term of payment” means the fixed term over which an IBCS payment is payable in accordance with a periodic payment election.
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