Regulation 35 Amendment of Schedule 3 to the Family Credit RegulationsI1

Schedule 3 to the Family Credit Regulations (capital to be disregarded) shall be amended in accordance with the following provisions of this regulation.

For paragraph 21^f1 there shall be substituted the following paragraph—

“21

Any capital which by virtue of regulations 25 (capital treated as income), 27(1) (modifications in respect of children and young persons) or 42A (treatment of student loans) is to be treated as income.”.

In paragraph 32^f2 for the words “Any payment not exceeding £200” there shall be substituted the words “£200 of any payment, or, if the payment is less than £200, the whole of any payment”.