
Print Options
PrintThe Whole
Instrument
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThe Whole
Cross Heading
PrintThis
Section
only
Status:
Point in time view as at 29/04/2013. This version of this provision has been superseded.

Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
There are currently no known outstanding effects for the The Universal Credit Regulations 2013, Section 73.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Unearned income calculated monthlyU.K.
This section has no associated Explanatory Memorandum
73.—(1) A person's unearned income is to be calculated as a monthly amount.
(2) Where the period in respect of which a payment of income is made is not a month, an amount is to be calculated as the monthly equivalent, so for example—
(a)weekly payments are multiplied by 52 and divided by 12;
(b)four weekly payments are multiplied by 13 and divided 12;
(c)three monthly payments are multiplied by 4 and divided by 12; and
(d)annual payments are divided by 12.
(3) Where the amount of a person's unearned income fluctuates, the monthly equivalent is to be calculated—
(a)where there is an identifiable cycle, over the duration of one such cycle; or
(b)where there is no identifiable cycle, over three months or such other period as may, in the particular case, enable the monthly equivalent of the person's income to be determined more accurately.
(4) This regulation does not apply to student income.
Back to top