PART 6Assessment of household income and capital
CHAPTER 4Unearned income
Notional unearned income65.
(1)
If unearned income would be available to an applicant upon the making of an application for it, the applicant is to be treated as having that unearned income.
F1(2)
Paragraph (1) does not apply—
(a)
to the benefits listed in regulation 57(1)(b), or
(b)
where regulation 60B(1) of the Universal Credit (Transitional Provisions) Regulations 2014 (deferral of retirement pension income) applies.
(3)
An applicant who has reached pensionable age is to be treated as possessing the amount of any retirement pension income for which no application has been made and to which the applicant might expect to be entitled if a claim were made.
(4)
The circumstances in which an applicant is to be treated as possessing retirement pension income are the same as the circumstances set out in regulation 18 of the State Pension Credit Regulations 2002179 in which a person is treated as receiving retirement pension income for the purposes of state pension credit.