Part IIThe Jobseeker’s Allowance

Income and Capital

Income and capital: income-based jobseeker’s allowance15

1

No person shall be entitled to an income-based jobseeker’s allowance if his capital, or a prescribed part of it, exceeds the prescribed amount.

2

Where a person claiming an income-based jobseeker’s allowance is a member of a family, the income and capital of any member of that family shall, except in prescribed circumstances, be treated as the income and capital of the claimant.

3

Regulations may provide that capital not exceeding the amount prescribed under paragraph (1), but exceeding a prescribed lower amount, shall be treated, to a prescribed extent, as if it were income of a prescribed amount.