PART 6Income and capital
CHAPTER 2Income and capital where there is an award of universal credit
Calculation of income and capital: persons who have an award of universal credit26
1
Where an applicant or an applicant's partner has, or the partners jointly have, an award of universal credit, in determining the income of the applicant the relevant authority must use the calculation or estimate of the income of the applicant, the applicant's partner or the partners jointly (as the case may be), made by the Secretary of State for the purpose of determining that award.
F71A
For the purposes of paragraph (1), any deduction made from an award of universal credit for payment to a third party must be regarded as income of the person or persons awarded universal credit.
2
The authority must modify the figure for income provided by the Secretary of State F1to convert it into a weekly amount using the adjustment set out in regulation 23(2A) and must then further modify the weekly amount to take into account—
F2a
as income, the amount of any universal credit payable converted into a weekly amount using the adjustment set out in regulation 23(2A);
F3b
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F4c
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F5d
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e
regulation 25 (circumstances in which capital and income of non-dependant is to be treated as applicant's) if the relevant authority determines that the provision applies in the applicant's case;
F63
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
Where an applicant or an applicant's partner has, or the partners jointly have, an award of universal credit, in determining the capital of the applicant, the applicant's partner or the partners jointly (as the case may be) the relevant authority must use the calculation or estimate of the capital of the applicant, the applicant's partner, or the partners jointly (as the case may be) made by the Secretary of State for the purpose of determining that award.