# The Social Security (Capital Limits and Earnings Disregards Amendment) Regulations (Northern Ireland) 2000, Regulation 2: Capital Limits

Extent: N.I.

(1) In the Income Support Regulations––
(a) in regulation 41(1) (capital treated as income), after “£8,000” there shall be inserted “or, in a case where regulation 45(aa) (capital limit) applies, £12,000”;
(b) in regulation 45 (capital limit)—
(i) in paragraph (a) after “paragraph” there shall be inserted “(aa) or”;
(ii) after paragraph (a) there shall be inserted the following paragraph—
“(aa) where the circumstances prescribed in regulation 53(1ZA) (calculation of tariff income from capital) apply in the claimant’s case, the prescribed amount is £12,000;”;
(c) in regulation 53 (calculation of tariff income from capital)—
(i) in paragraph (1), after “paragraph” there shall be inserted “(1ZA) or”;
(ii) after paragraph (1) there shall be inserted the following paragraph—
“(1ZA) Where the claimant—
(a) is aged 60 or over or has a partner who is aged 60 or over;
(b) is not a person to whom the circumstances prescribed in paragraph (1B) apply, and
(c) has capital which, calculated in accordance with this Part, exceeds £6,000,
that capital shall be treated as equivalent to a weekly income of £1 for each complete £250 in excess of £6,000 but not exceeding £12,000.”;
(iii) in both paragraph (2) and (3) after “(1)” there shall be inserted “, (1ZA)”.
(2) In the Jobseeker’s Allowance Regulations—
(a) in regulation 104(1) (capital treated as income), after “£8,000” there shall be inserted “or, in a case where regulation 107(aa) (capital limit) applies, £12,000”;
(b) in regulation 107 (capital limit)—
(i) in paragraph (a) after “paragraph” there shall be inserted “(aa) or”;
(ii) after paragraph (a) there shall be inserted the following paragraph—
“(aa) where the circumstances prescribed in regulation 116(1ZA) (calculation of tariff income from capital) apply in the claimant’s case, the prescribed amount is £12,000;”;
(c) in regulation 116 (calculation of tariff income from capital)—
(i) in paragraph (1), after “paragraph” there shall be inserted “(1ZA) or”;
(ii) after paragraph (1) there shall be inserted the following paragraph—
“(1ZA) Where the claimant—
(a) is aged 60 or over or has a partner who is aged 60 or over;
(b) is not a person to whom the circumstances prescribed in paragraph (1B) apply, and
(c) has capital which, calculated in accordance with this Part, exceeds £6,000,
that capital shall be treated as equivalent to a weekly income of £1 for each complete £250 in excess of £6,000 but not exceeding £12,000.”;
(iii) in both paragraphs (2) and (3), after “(1)” there shall be inserted “, (1ZA)”.
(3) In regulation 45 of the Housing Benefit Regulations (calculation of tariff income from capital)—
(a) in paragraph (1), after “paragraph” there shall be inserted “(1ZA) or”;
(b) after paragraph (1) there shall be inserted the following paragraph—
“(1ZA) Where the claimant—
(a) is aged 60 or over or has a partner who is aged 60 or over;
(b) is not a person to whom the circumstances prescribed in paragraph (1B) apply, and
(c) has capital which, calculated in accordance with this Part, exceeds £6,000,
that capital shall be treated as equivalent to a weekly income of £1 for each complete £250 in excess of £6,000 but not exceeding £16,000.”;
(c) in both paragraphs (2) and (3), after “(1)” there shall be inserted “, (1ZA)”.

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Source: https://www.legislation.gov.uk/nisr/2000/366/regulation/2 (the official version)
Page: https://openlegislation.uk/social-security-capital-limits-and-earnings-disregards-amendment-regulations-northern-ireland-2000/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.