Part 1Universal credit

CHAPTER 1Entitlement and awards

Entitlement

I15Financial conditions

1

For the purposes of section 3, the financial conditions for a single claimant are that—

a

the claimant's capital, or a prescribed part of it, is not greater than a prescribed amount, and

b

the claimant's income is such that, if the claimant were entitled to universal credit, the amount payable would not be less than any prescribed minimum.

2

For those purposes, the financial conditions for joint claimants are that—

a

their combined capital, or a prescribed part of it, is not greater than a prescribed amount, and

b

their combined income is such that, if they were entitled to universal credit, the amount payable would not be less than any prescribed minimum.