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11. For regulation 107 of the Jobseeker’s Allowance Regulations (capital limit) there shall be substituted the following regulation—
“107. For the purposes of section 13(1) (no entitlement to an income-based jobseeker’s allowance if capital exceeds a prescribed amount)—
(a)except where paragraph (b) applies, the prescribed amount is £8,000;
(b)in the case to which regulation 116(1B) applies, the prescribed amount is £16,000.”.
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