Regulation 11 Capital limit

For regulation 107 of the Jobseeker’s Allowance Regulations (capital limit) there shall be substituted the following regulation—

“107

For the purposes of section 13(1) (no entitlement to an income-based jobseeker’s allowance if capital exceeds a prescribed amount)—

(a)

except where paragraph (b) applies, the prescribed amount is £8,000;

(b)

in the case to which regulation 116(1B) applies, the prescribed amount is £16,000.”.