{
  "url": "https://openlegislation.uk/draft-social-security-payments-on-account-of-benefit-regulations-2013/regulation-16",
  "json_url": "https://openlegislation.uk/draft-social-security-payments-on-account-of-benefit-regulations-2013/regulation-16.json",
  "legislation": "ukdsi/2013/9780111531532",
  "legislation_title": "The Social Security (Payments on Account of Benefit) Regulations 2013",
  "legislation_url": "https://openlegislation.uk/draft-social-security-payments-on-account-of-benefit-regulations-2013",
  "path": "regulation/16",
  "kind": "regulation",
  "number": "16",
  "heading": "Treatment of capital",
  "text": "(1) Where the total of B’s capital or, in a case where B is a member of a couple, the total of B’s and their partner’s capital, exceeds £1,000, the amount of any budgeting advance which may otherwise be paid must be reduced by the amount by which that capital exceeds £1,000.\n(2) No budgeting advance is payable where, as a result of paragraph (1), the amount of any budgeting advance which would otherwise be payable is reduced to less than £100.\n(3) Capital is to be calculated for the purposes of paragraph (1) in accordance with Chapter 1 of Part 6 of the Universal Credit Regulations.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2013/9780111531532/regulation/16",
    "retrieved_at": "2026-10-30T14:50:59.212035+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}