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Part 1National targets, strategies and reports

Targets relating to child poverty

4The combined low income and material deprivation target

(1)The combined low income and material deprivation target is that less than 5% of children who live in qualifying households—

(a)live in households that fall within the relevant income group, and

(b)experience material deprivation.

(2)For the purposes of subsection (1)(a), a household falls within the relevant income group, in relation to a financial year, if its equivalised net income for the financial year is less than 70% of median equivalised net household income for the financial year.

(3)Regulations must specify the circumstances in which a child is to be regarded for the purposes of subsection (1)(b) as experiencing material deprivation in a financial year.