# Social Security (Payments on account, Overpayments and Recovery) Regulations 1987, Regulation 15: Quarterly diminution of capital resources


(1) For the purposes of section 53(1) of the Act, where a supplementary pension or allowance has been overpaid in consequence of a misrepresentation as to capital resources or a failure to disclose their existence, the adjudicating authority shall treat those resources as having been reduced at the end of each quarter from the start of the overpayment period by the amount paid by way of supplementary pension or allowance within that quarter.
(2) Capital resources shall not be treated as reduced over any period other than a quarter or in any circumstances other than those for which paragraph (1) provides.
(3) In this regulation “a quarter” means a period of 13 weeks starting with the first day on which the overpayment period began and ending on the 90th consecutive day thereafter.

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Source: https://www.legislation.gov.uk/uksi/1987/491/regulation/15 (the official version)
Page: https://openlegislation.uk/social-security-payments-on-account-overpayments-and-recovery-regulations-1987/regulation-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.