Regulation 25 Capital treated as income
United Kingdom
Any capital payable by instalments which are outstanding at the date of the claim shall, if the aggregate of the instalments outstanding and the amount of the claimant's capital otherwise calculated in accordance with Chapter VI of this Part exceeds F1£8,000, be treated as income.
Any payment received under an annuity shall be treated as income.
F2Any Career Development Loan paid pursuant to section 2 of the Employment and Training Act 1973 shall be treated as income.
Annotations
Textual amendments
- F1
Word in reg. 25(1) substituted (9.4.1990) by Income-Related Benefits (Miscellaneous Amendments) Regulations 1990 (S.I. 1990/671), reg. 1(1), 3(2)
- F2
Reg. 25(3) added (1.4.1997 for specified purposes and , 7.4.1997 for specified purposes and , 7.4.1997 in so far as not already in force, 8.4.1997 for specified purposes and ) by The Income-related Benefits and Jobseeker s Allowance (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/65), reg. 3(3)(d)