Capital limitE+W+S
[F145. For the purposes of section 134(1) of the Contributions and Benefits Act as it applies to income support (no entitlement to benefit if capital exceeds prescribed amount)—
(a)except where paragraph [F2(aa) or] (b) applies, the prescribed amount is £8,000;
[F3(aa)where the circumstances prescribed in regulation 53(1ZA) apply in the claimant’s case, the prescribed amount is £12,000;]
(b)where the circumstances prescribed in regulation 53(1B) apply in the claimant’s case, the prescribed amount is £16,000.]
Textual Amendments
F1Reg. 45 substituted (8.4.1996) by The Income-related Benefits Schemes (Miscellaneous Amendments) Regulations 1996 (S.I. 1996/462), regs. 1(2), 12(1)(a)
F2Words in reg. 45(a) inserted (for specified purposes and with effect in accordance with reg. 1(2) of the amending S.I.) by The Social Security Amendment (Capital Limitsand Earnings Disregards) Regulations 2000 (S.I. 2000/2545), regs. 1(1)(c), 2(1)(b)(i)
F3Reg. 45(aa) inserted (for specified purposes and with effect in accordance with reg. 1(2) of the amending S.I.) by The Social Security Amendment (Capital Limitsand Earnings Disregards) Regulations 2000 (S.I. 2000/2545), regs. 1(1)(c), 2(1)(b)(ii)
Commencement Information
I1Reg. 45 in force at 11.4.1988, see reg. 1