# The Jobseeker’s Allowance Regulations (Northern Ireland) 1996, Regulation 111: Calculation of capital in the United Kingdom

Extent: N.I.
Status: prospective

Capital which a claimant possesses in the United Kingdom shall be calculated—
(a) except in a case to which paragraph (b) applies, at its current market or surrender value, less—
(i) where there would be expenses attributable to sale, 10 per cent., and
(ii) the amount of any incumbrance secured on it;
(b) in the case of an Ulster or National Savings Certificate—
(i) if purchased from an issue the sale of which ceased before 1st July last preceding the first day on which an income-based jobseeker’s allowance is payable or, in the case of a review, the date of that review, at the price which it would have realised on that 1st July had it been purchased on the last day of that issue;
(ii) in any other case, at its purchase price.

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Source: https://www.legislation.gov.uk/nisr/1996/198/regulation/111 (the official version)
Page: https://openlegislation.uk/jobseekers-allowance-regulations-northern-ireland-1996/regulation-111
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.