The Social Security (Miscellaneous Amendments) (No. 4) Regulations 1998

Capital to be disregarded

5.  In Schedule 8 to the Jobseeker’s Allowance Regulations (capital to be disregarded)—

(a) in paragraph 11, at the end, there shall be added the following sub-paragraphs—

“(3) In the case of a person who is receiving assistance under an employment programme specified in regulation 75(1)(a)(ii)(aa)(ii) (self-employment route of the Employment Option of the New Deal), the assets acquired by that person for the purpose of establishing or carrying on the commercial activity in respect of which such assistance is being received.

(4) In the case of a person who has ceased carrying on the commercial activity in respect of which assistance was received as specified in sub-paragraph (3), the assets relating to that activity for such period as may be reasonable in the circumstances to allow for disposal of any such asset.”;

(b) for paragraph 45(1) there shall be substituted the following paragraph—

“45.   Any mandatory top-up payment made to a person pursuant to section 2 of the Employment and Training Act 1973 in respect of that person’s participation in an employment programme specified in—

(a) regulation 75(1)(a)(ii)(aa)(ii) (self-employment route of the Employment Option of the New Deal);

(b) regulation 75(1)(a)(ii)(bb) (Voluntary Sector Option of the New Deal); or

(c) regulation 75(1)(a)(ii)(cc) (Environment Task Force Option of the New Deal),

but only for a period of 52 weeks from the date of receipt of the payment.”;

(c) at the end there shall be added the following paragraph—

“47.   In the case of a person who is receiving, or who has received, assistance under an employment programme specified in regulation 75(1)(a)(ii)(aa)(ii) (self-employment route of the Employment Option of the New Deal), any sum of capital which is acquired by that person for the purpose of establishing or carrying on the commercial activity in respect of which such assistance is or was received but only for a period of 52 weeks from the date on which that sum was acquired.”.

(1)

Paragraph 45 was inserted by S.I.1997/2863.