The Universal Credit Regulations (Northern Ireland) 2016 No. 216

PART 6 CALCULATION OF CAPITAL AND INCOME

CHAPTER 3 UNEARNED INCOME

Calculation of student income – amount for an assessment period

71.  The amount of a person’s student income in relation to each assessment period in which the person is to be treated as having student income in accordance with regulation 68(1) is calculated as follows—

Step 1

Determine whichever of the following amounts is applicable—

(a) if regulation 68(2) applies (person with a student loan) the amount of the loan (and, if applicable, the amount of any grant) in relation to the year of the course in which the assessment period falls, or

(b) if regulation 68(4) applies (person with a grant but no student loan) the amount of the grant in relation to the year of the course in which the assessment period falls.

If the period of the course is less than a year determine the amount of the grant or loan in relation to the course.

Step 2

Determine in relation to—

(c) the year of the course in which the assessment period falls, or

(d) if the period of the course is less than a year, the period of the course,

the number of assessment periods for which the person is to be treated as having student income under regulation 68(1).

Step 3

Divide the amount produced by step 1 by the number of assessment periods produced by step 2.

Step 4

Deduct £110.