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The Social Security (Payments on Account of Benefit) Regulations (Northern Ireland) 2016
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- Northern Ireland Statutory Rules
- 2016 No. 223
- PART 3
- Regulation 16
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Treatment of capital
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16.—(1) Where the total of B’s capital or, in a case where B is a member of a couple, the total of B’s and B’s partner’s capital, exceeds £1,000, the amount of any budgeting advance which may otherwise be paid must be reduced by the amount by which that capital exceeds £1,000.
(2) No budgeting advance is payable where, as a result of paragraph (1), the amount of any budgeting advance which would otherwise be payable is reduced to less than £100.
(3) Capital is to be calculated for the purposes of paragraph (1) in accordance with Chapter 1 of Part 6 of the Universal Credit Regulations.
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