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AI Summary of Schedule 3, Part 2 Jobseeker's Allowance, Pre-Retirement Allowance, Disability Allowance and Farm Assist

The calculation of a person's means for Chapters 2, 3, 10, and 11 of Part 3 requires consideration of various factors. Property values must account for investments or profitable uses, excluding properties personally used, while income includes cash and non-cash benefits expected during the following year. Specific exclusions apply, such as maintenance payments, educational grants, and certain income from self-employment or seasonal work. The minister may prescribe limits and regulations for these calculations.

Additionally, the laws stipulate the evaluation of advantages from property use, income deprivation for allowance qualification, and values derived from contracts of service. Special provisions also exist for incentive payments under the special incentive career break scheme. Furthermore, proceeds from the sale of a principal residence are generally excluded from means calculations, barring investments from those proceeds.

Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 June 2024 - onwards
Version 19 of 19

Schedule 3, Part 2 Jobseeker's Allowance, Pre-Retirement Allowance, Disability Allowance and Farm Assist

Sections 140, 149, 209 and 213.

1. In the calculation of the means of a person for the purposes of Chapters 2, 3, 10 and 11 of Part 3, account shall be taken of the following -

(1) other than in the circumstances and subject to the conditions and for the periods that may be prescribed, the weekly value of property belonging to the person or to his or her spouse, civil partner or cohabitant (not being property personally used or enjoyed by the person or his or her spouse, civil partner or cohabitant or a farm of land leased either by the person or his or her spouse, civil partner or cohabitant) which is invested or otherwise put to profitable use or is capable of being, but is not, invested or put to profitable use and the weekly value, calculated -

(a) for the purposes of jobseeker’s allowance, pre-retirement allowance or farm assist, in accordance with reference 1 of Table 1 to this Schedule, or

(b) for the purposes of disability allowance, in accordance with reference 2 of Table 1 to this Schedule,