The Tax Credits (Definition and Calculation of Income) Regulations 2002 No. 2006

PART 2 Income for the purposes of tax credits

CHAPTER 10 Notional Income

Claimants to whom income becomes available upon the making of a claim

16.—(1) If income would become available to a claimant upon the making of an application for that income he is treated as having that income.

This is subject to the following qualification.

(2) Paragraph (1) does not apply in relation to income—

(a) under a trust derived from a payment made in consequence of a personal injury;

(b) under a personal pension scheme or retirement annuity contract;

(c) consisting in a sum to which item 8 of Table 4 in regulation 10 refers (compensation for personal injuries which is administered by the Court); or

(d) consisting in a rehabilitation allowance made under section 2 of the Employment Act.