Section 12 Income and capital: general.I1

(1)

In relation to a claim for a jobseeker’s allowance, the income and capital of a person shall be calculated or estimated in such manner as may be prescribed.

(2)

A person’s income in respect of a week shall be calculated in accordance with prescribed rules.

(3)

The rules may provide for the calculation to be made by reference to an average over a period (which need not include the week concerned).

(4)

Circumstances may be prescribed in which—

(a)

a person is treated as possessing capital or income which he does not possess;

(b)

capital or income which a person does possess is to be disregarded;

(c)

income is to be treated as capital;

(d)

capital is to be treated as income.

Annotations

Commencement

I1: S. 12 wholly in force at 7.10.1996; s. 12 not in force at Royal Assent, see s. 41(2); s. 12 in force (12.12.1995) for the purpose of authorising the making of regulations by S.I. 1995/3228, art. 2(b), Sch.; s. 12 in force (7.10.1996) in so far as not already in force by S.I. 1996/2208, art. 2(b)