Section 5 — Welfare Reform Act 2012: Financial conditions

Financial conditions 5 1 For the purposes of section 3, the financial conditions for a single claimant are that—

a the claimant's capital, or a prescribed part of it, is not greater than a prescribed amount, and b the claimant's income is such that, if the claimant were entitled to universal credit, the amount payable would not be less than any prescribed minimum.

2 For those purposes, the financial conditions for joint claimants are that—

a their combined capital, or a prescribed part of it, is not greater than a prescribed amount, and b their combined income is such that, if they were entitled to universal credit, the amount payable would not be less than any prescribed minimum.