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The National Assistance (Assessment of Resources) (Amendment) Regulations 1994

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Amendment of Schedule 1 to the principal Regulations

2.  In Part III of Schedule 1 to the principal Regulations (transitional provisions) after sub-paragraph (7) of paragraph 8 there shall be added the following sub-paragraph—

(8) Where a resident’s capital is increased so that when calculated in accordance with Part III of these Regulations it amounts to more than the amount prescribed (“the prescribed amount”) for the purposes of section 134(1) of the Contributions and Benefits Act(1) (exclusions from benefit) and where before that increase his capital calculated under that Part amounted to less than the prescribed amount the provisions of this Part of this Schedule shall not apply to him from the date of the increase in capital..

(1)

See regulation 45 of the Income Support Regulations, as amended by regulation 5(2) of S.I. 1990/671. The amount prescribed is currently £8,000.

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