Amendments to the Family Credit (General) Regulations 1987

6.  After regulation 42 insert—

“Calculation of capital—lump sum access fund payment

42ZA.   There shall be disregarded from the calculation of a student’s capital under regulation 29(1) any lump sum access fund payment made to the student that is not intended to be used for daily living costs, but only for a period of 52 weeks from the date of receipt of the payment.”.