The Tax Credits Schemes (Miscellaneous Amendments No. 3) Regulations 2000

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..