Paragraph 3

For paragraph (1) of regulation 41 M1 (capital treated as income) there shall be substituted the following paragraph–

“(1)

Capital which is payable by instalments which are outstanding on–

(a)

the first day in respect of which income support is payable or the date of the determination of the claim, whichever is earlier; or

(b)

in the case of a supersession, the date of that supersession,

shall be treated as income if the aggregate of the instalments outstanding and the amount of the claimant’s capital otherwise calculated in accordance with Chapter VI of this Part exceeds £8,000 or, in a case where regulation 45(b) M2 applies, £16,000.”.