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The Child Support (Maintenance Assessments and Special Cases) Regulations 1992

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Changes over time for: Paragraph 5

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Version Superseded: 06/04/1999

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Status:

Point in time view as at 22/01/1996. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the The Child Support (Maintenance Assessments and Special Cases) Regulations 1992, Paragraph 5. Help about Changes to Legislation

[F1Computation of qualifying value—cash, deposits and endowment policies

5.  —Subject to paragraph 6, where the property which is the subject of the qualifying transfer is, or includes—

(i)a sum of money whether in cash or in the form of a deposit with the Bank of England, and authorised institution or exempted person within the meaning of the Banking Act 1987, or a building society incorporated or deemed to be incorporated under the Building societies Act 1986, derived from or representing capital; or

(ii)an endowment policy,

the amount of the qualifying value shall be determined by applying the formula—

where—

a

QV is the qualifying value; and

b

VT is the amount of cash, the balance of the account or the surrender value of the endowment policy on the relevant date.]

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