Regulation 104 Capital treated as incomeI1

Northern Ireland Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. 104 coming into force by Jobseeker’s Allowance 1996 reg. 1(1)
reg. 104(1) words inserted by Income-Related Benefits and Jobseeker’s Allowance 1997 reg. 3(2)
reg. 104(3) words substituted by Jobseeker’s Allowance and Income Support 1996 reg. 2(3)
reg. 104(5) words added by Social Security (Personal Injury Payments Amendment) 2002 reg. 2(c)
reg. 131(3A)(e)and word added by Social Security (Students and Income-Related Benefits Amendment) 2003 reg. 3(1)(b)
reg. 104(3) omitted by Social Security (Working Tax Credit and Child Tax Credit Consequential Amendments) 2003 Sch. 2 para. 9
reg. 104(1) words omitted by Social Security 2005 reg. 4(2)

(1)

Any capital payable by instalments which are outstanding on the first day in respect of which an income-based jobseeker’s allowance is payable or, in the case of a review, the date of that review, shall, if the aggregate of the instalments outstanding and the amount of the claimant’s capital otherwise calculated in accordance with Chapter VI (self-employed earners) exceeds £8,000, be treated as income.

(2)

Any payment received under an annuity shall be treated as income.

(3)

In the case of a person who is, or would be, prevented from being entitled to a jobseeker’s allowance by Article 16 of the Order (trade disputes), any payment by a Health and Social Services Board or an HSS trust under Article 18, 35 or 36 of the Children (Northern Ireland) Order 1995^f1 (Health and Social Services Boards' or HSS trusts' duty to promote welfare of children and powers to grant financial assistance to persons in, or formerly in, their care) shall be treated as income.

(4)

Any earnings to the extent that they are not a payment of income shall be treated as income.

Regulation 104 Capital treated as incomeI1

Annotations

Commencement

Footnotes