# The Jobseeker’s Allowance Regulations (Northern Ireland) 1996, Regulation 116: Calculation of tariff income from capital

Extent: N.I.
Status: prospective

(1) Where the claimant’s capital calculated in accordance with this Part exceeds £3,000 it shall be treated as equivalent to a weekly income of £1 for each complete £250 in excess of £3,000 but not exceeding £8,000.
(2) Notwithstanding paragraph (1), where any part of the excess is not a complete £250 that part shall be treated as equivalent to a weekly income of £1.
(3) For the purposes of paragraph (1), capital includes any income treated as capital under regulations 110 and 124 (income treated as capital and liable relative payments treated as capital).

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Source: https://www.legislation.gov.uk/nisr/1996/198/regulation/116 (the official version)
Page: https://openlegislation.uk/jobseekers-allowance-regulations-northern-ireland-1996/regulation-116
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.