# The Social Security (Payments on Account of Benefit) Regulations 2013, Regulation 16: Treatment of capital


(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.
(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.
(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.

---
Source: https://www.legislation.gov.uk/ukdsi/2013/9780111531532/regulation/16 (the official version)
Page: https://openlegislation.uk/draft-social-security-payments-on-account-of-benefit-regulations-2013/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.